06/12/2026
Most homeowners know their mortgage renewal date.
Far fewer know what options they'll actually have when that date arrives.
Many people are surprised to learn that renewing a mortgage and refinancing a mortgage are not the same thing.
Your available home equity can affect your ability to:
• Consolidate debt
• Extend your amortization
• Access funds for renovations
• Switch lenders for a better rate
The good news is that understanding your options early can give you more flexibility and more time to plan.
I recently wrote an article on what Ottawa homeowners should know before their next mortgage renewal.
What surprised you most about the difference between renewing and refinancing?