Collect your documents
Find the maturity date, current balance, remaining amortization and renewal offer. Note any plans to sell, renovate or retire.
Compare on the same basis
Use the same mortgage balance and amortization when comparing rates and payments. Note fees, cashback conditions and prepayment terms.
Allow time for a lender change
A new lender may need income, credit and property records. Ask early enough to resolve missing documents and coordinate discharge timing.
Confirm the final instructions
Check the payment date, account details, lender conditions and any legal appointment. Keep a copy of the signed terms.
Put the guide to work
Prepare your documentsGeneral educational information. Your lender, legal and tax requirements may differ.