Managing & Renewing
Your Mortgage Renewal Checklist
Your lender's renewal offer is a starting point, not a final answer.
Updated for 2026
Most homeowners simply sign the renewal letter their lender mails out. That letter rarely carries the lender's best rate.
Four to six months out
- Ask your broker to shop your renewal
- Compare the penalty to break versus staying
- Reconsider your amortization and payment frequency