Many homeowners choose to stay with their current lender because they believe it saves time, but it is important to assess their rates and terms during mortgage renewals. I can provide guidance on this matter. It is also crucial to evaluate any life changes that may impact finances, such as considering debt consolidation, using home equity, or making plans for the property. Additionally, exploring refinancing options can be beneficial for paying off the mortgage quicker or utilizing the home equity. Refinancing is also an option for changes in rates, equity use, increased mortgage amounts, or adjustments in amortization. It is recommended to seek guidance from top lenders in Canada to get the best renewed rate and to avoid signing renewal forms without questioning. By doing so, homeowners can benefit from multiple lenders competing for the best rate. Lastly, utilizing innovative tools in Canada can streamline the process and offer optimal options for homeowners.