Check Your Mortgage Renewal Offer Before You Sign
Enter your lender's renewal quote and see whether the rate looks fair, high, negotiable, or worth a closer review using current Canadian mortgage-rate context.
Use this before accepting the bank's renewal letter.
Renewal offers are still offers. FairRate helps you compare the quoted rate, estimate the possible cost gap, and decide what to ask before you sign, negotiate, or shop around.
Enter your offer
Rate, term, balance, province, and mortgage type.
See the free check
Get a plain-English fairness snapshot in about 60 seconds.
Decide what to ask
Unlock scripts, questions, and a stronger before-you-sign review if needed.
FairRate is an independent educational benchmark tool. It is not a lender, broker, or financial advisor.
Popular renewal-offer checks
Start with your lender or use the main checker with your exact renewal numbers. Every path should lead back to the same free FairRate verdict.
Quick answer
Which FairRate tool should you use before renewing?
Start with the free renewal-offer checker when you already have a written Canadian 5-year fixed renewal offer. Use the calculator when you want to estimate the payment and interest impact of a rate difference, then use the guides to prepare for negotiation or switching.
- Offer checker: assess a supported written 5-year fixed renewal offer against FairRate market context.
- Renewal calculator: estimate payment and interest differences between renewal-rate scenarios.
- Switching-cost guide: identify costs that can affect whether moving lenders is worthwhile.
- Negotiation resources: prepare questions and a counter-offer before signing a renewal.