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    My mortgage renewal comparison

    A two-page worksheet for the conversation before you choose your next term. Use written offers and your current statement. Write “not confirmed” wherever a detail is missing. Keep the completed copy for your records and arrange a secure channel before sharing financial documents.

    Prepared by Artisan MortgagesUpdated

    Print this worksheet to write in the spaces below. Write your answers on the printed copy; there are no online fields to submit. For payment estimates, use the existing renewal comparison calculator.

    1. Start with my plans

    Maturity date
    Mortgage balance at maturity
    Remaining amortization
    Current payment and frequency
    My comfortable payment range
    Possible move or other change during the next term

    2. Put two offers beside each other

    Use the spaces on your printed copy to compare written offers. On small screens, scroll sideways to see both offers.
    Detail to confirmCurrent lender’s offerAlternative offer
    Lender / offer date / offer expirySpace for current lender’s offerSpace for alternative offer
    Rate and rate type (fixed or variable)Space for current lender’s offerSpace for alternative offer
    Term lengthSpace for current lender’s offerSpace for alternative offer
    Amortization used in this offerSpace for current lender’s offerSpace for alternative offer
    Payment amount and frequencySpace for current lender’s offerSpace for alternative offer
    Projected interest over the same comparison periodSpace for current lender’s offerSpace for alternative offer
    Projected balance at the end of that periodSpace for current lender’s offerSpace for alternative offer
    Fees I pay at closing (ask for a breakdown)Space for current lender’s offerSpace for alternative offer
    Fees added to the loan, if anySpace for current lender’s offerSpace for alternative offer
    Costs covered by the lender / repayment conditionsSpace for current lender’s offerSpace for alternative offer

    Use the same starting balance and comparison period. A different amortization changes both the payment and the balance remaining. Compare interest and fees separately from principal repaid; identify any fees added to the loan so they are not counted twice. Ask for the assumptions behind a variable-rate projection; it cannot predict future rates.

    Use the existing fixed-rate comparison calculatorwww.artisanmortgages.ca/mortgage-renewal

    3. Ask about the contract

    • What extra payments can I make, and when?
    • What could it cost to leave before the term ends? Request the method and a current estimate for the planned payout date.
    • If I move, what conditions apply to transferring the mortgage to another property?
    • Are there restrictions or repayments attached to cashback or fee coverage?

    4. Confirm the next steps

    • Confirm whether this is a renewal, a lender switch or a refinance that changes the borrowing.
    • Identify any linked credit line or other loan secured with the mortgage.
    • Request the new lender’s outstanding documents, property checks and approval conditions.
    • Confirm offer expiry, payout date, fees, signatures and who completes each closing step.
    • If time is short or payments are becoming difficult, contact the current lender promptly.

    5. Record my decision and open questions

    Option I want to discuss and why
    Questions still unanswered
    Next action / responsible person / due date

    Talk through my renewal planswww.artisanmortgages.ca/#contact

    Sources and scope

    General planning information, not a mortgage quote or approval. Requirements and costs depend on the lender, transaction and contract. Source pages checked on 26 October 2026.

    • FCAC: Renewing your mortgage — Renewal preparation, lender approval when switching, costs and linked borrowing.https://www.canada.ca/en/financial-consumer-agency/services/mortgages/renew-mortgage.html
    • FCAC: Mortgage terms and amortization — The difference between a term and amortization, and the effect of the repayment period on payments and interest.https://www.canada.ca/en/financial-consumer-agency/services/mortgages/mortgage-terms-amortization.html
    • FCAC: Mortgage prepayment rights — Prepayment privileges and potential charges; federal consumer-rights scope.https://www.canada.ca/en/financial-consumer-agency/services/rights-responsibilities/rights-mortgages/rights-prepayments.html
    • FSRA: Shopping for a mortgage — Contract features and future plans. Ontario consumer guidance used for general comparison questions, not as Alberta or BC law.https://www.fsrao.ca/consumers/mortgage-brokering/shopping-mortgage

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