Free · about 2 minutes · no credit check
Is your renewal letter a good deal?
About 1.15 million Canadian mortgages renew this year. Most people sign the first offer. Two minutes says whether you should.
About 13 questions · no credit check · nothing sent to any lender
Made for where you are
If your renewal letter just arrived
- Tempted to sign and move on? See what the same mortgage could cost you elsewhere before you do.
- Not sure the stress test applies? Often it doesn't on a straight switch — find out where you stand.
If your renewal is months away
- Inside the 120-day window? That's when you have the most choice — and rate holds start.
- Circumstances changed? Learn whether a new lender would need to check your finances again, and what that means.
How it works
A few questions, real math, a clear next step.
- 1
Answer a few questions
Income, debts, savings — rough numbers are fine. One question per screen.
- 2
Get your scorecard
An instant estimate built on the rules lenders start from, with the reasons behind it.
- 3
Talk it through with Joe Mendel, if you want to
The estimate is yours either way. When you want a plan, they'll build one — no obligation.
What you'll learn
Every number on your results page is computed, not guessed.
Your payment if you switch
An estimated payment on today's working rate, next to what the letter offers.
Whether a new lender would check your finances again
A straight switch usually skips the stress test; changing the mortgage usually doesn't.
The 120-day window
How much time you have and what to do with it.
Your next step
Take the letter, negotiate it, or switch — and how to start.
Questions people ask
Can I really switch lenders at renewal?
Usually, yes. Many switches go through without the new lender checking your income and credit again, and the new lender often covers the transfer costs. The scorecard tells you which case you're likely in.
Is this a pre-approval?
No. It's an estimate built from what you tell us, using the federal stress-test and debt-ratio rules lenders start from. A pre-approval needs a lender to verify your income, credit and the property.
Does this affect my credit score?
No. Nothing here touches your credit file, and nothing is sent to any lender.
What happens with my details?
Whatever you give us is used to prepare and send your results, and to reply if you ask a broker to get in touch. Nothing else. Your information is never sold, and you can unsubscribe from any email in one click.
Don't sign the first offer without checking
Two minutes tells you whether the letter is a good deal.