We recommend that you contact a broker 6 months before your current mortgage matures. This gives you time to consider all of your options, whether it’s to plan the purchase of another property, consolidate debt into your new mortgage, or simply renew. Lenders frequently send out renewal notices with their posted rates. This is not always the best rate available. The majority of lenders will guarantee a rate for 120 days prior to renewal/closing. This will get you the best rate available in the four months leading up to your renewal. Please contact us with your renewal date so that we can discuss your options.