A surprising number of Canadians don’t take advantage of the opportunity they have when their mortgage comes up for renewal. This is the one time you can switch lenders without penalty. It is an excellent time to renegotiate your mortgage with lenders, whether you demand eliminating of prepayment penalties or get a better interest rate. Yet the majority of Canadian mortgage holders simply renew the mortgage with their current lender. This inertia literally costs them thousands of dollars over the life of the loan. Talk to a mortgage broker to learn how much money you could save every month. Our mortgage agency can help you shop around for the best rates and loan terms.