Negotiate Your Mortgage Renewal Before You Sign
Choose your lender, compare the renewal offer, and use a specific script instead of accepting the first renewal letter by default.
Already received a renewal offer from your lender?
Check the rate against current Canadian mortgage benchmarks before you sign. FairRate is paid by you, not by lenders, and does not sell your information to brokers.
Free · no credit check · currently supports Canadian 3-year and 5-year fixed renewal offers
No broker calls. No data sold. No obligation.
Start with the offer, not the argument
The strongest renewal negotiation is not a threat. It is a clear comparison between your quoted rate, term, mortgage balance, renewal date, penalties, and current benchmark context. Once you know the gap, you can ask the lender for a review without guessing.
FairRate is built for this moment: you have a real renewal offer and need to know whether it looks fair before signing, countering, or switching.
Negotiate by lender
What to check and what to say before accepting a RBC renewal offer.
What to check and what to say before accepting a TD Bank renewal offer.
What to check and what to say before accepting a Scotiabank renewal offer.
What to check and what to say before accepting a CIBC renewal offer.
What to check and what to say before accepting a BMO renewal offer.
What to check and what to say before accepting a National Bank renewal offer.
What to check and what to say before accepting a Tangerine renewal offer.
What to check and what to say before accepting a MCAP renewal offer.
What to check and what to say before accepting a First National renewal offer.
What to check and what to say before accepting a Desjardins renewal offer.
Counter-offer scripts by lender
Use a calm, data-backed counter-offer before signing with RBC.
Use a calm, data-backed counter-offer before signing with TD Bank.
Use a calm, data-backed counter-offer before signing with Scotiabank.
Use a calm, data-backed counter-offer before signing with CIBC.
Use a calm, data-backed counter-offer before signing with BMO.
Use a calm, data-backed counter-offer before signing with National Bank.
Use a calm, data-backed counter-offer before signing with Tangerine.
Use a calm, data-backed counter-offer before signing with MCAP.
Check the math before you call
Compare your quoted rate against benchmark context before responding to the lender.
Estimate the payment impact and cost of a rate gap over the next term.
Understand timelines, renewal letters, switching, and what to check before signing.