Don’t Just Sign the Bank’s Paperwork and Hope for the Best

Over 70% of Canadians blindly accept their bank’s first renewal offer.
But here’s the truth: those offers are designed to protect their profits, not your future.

Sample Renewal Savings – See the Difference for Yourself

Based on a real mortgage renewal we reviewed this month. Rates shown are for example purposes only.

Feature Bank Renewal
(Example)		 VeloMortgage.ca Renewal
(Example)
Interest Rate 5.84% 4.29%
Monthly Payment $2,379 $2,142
Total Interest (5 Years) $69,874 $48,022
Debt Optimization ❌ Not Offered ✅ Included if needed
Renewal Strategy ❌ None ✅ Custom to your goals
Total Potential Savings ❌ $0 ✅ $21,852+
Fee to You ❌ None upfront — but you’ll overpay for years ✅ $0 for most — and we’ll tell you upfront if it’s not

⚠️ This is a real example based on recent mortgage renewal comparisons. Results and offers vary depending on lender policies, your credit, and current market conditions. We'll always show you your personalized numbers — no pressure, no obligation.

WARNING: The Bank Is Counting On You To Be Lazy

And 7 out of 10 Canadians take the bait.

They get a “friendly” renewal letter in the mail…
It looks simple. Convenient. No hoops to jump through.

But here’s what they don’t tell you:

I used to be the guy behind those letters.

Yep - I worked for the bank.
My job? Get you to say yes without asking questions.
I was trained to retain your business… not optimize your mortgage.

And it worked. Every. Single. Day.

Because when you're exhausted and busy with life, it’s easy to say:

“Whatever, I’ll just sign it.”

Big mistake.

❌ No rate comparison
❌ No strategy for your current financial goals
❌ No equity planning or debt optimization
❌ Just a lazy piece of paper designed to make the bank richer

That’s how homeowners lose $5,000 to $20,000 or more - without even realizing it

✅ How To Flip The Script And Win

So your bank wants you to blindly sign the dotted line?

Not on my watch.

Here’s how the smart homeowners do it:

🚨 STEP 1: Send Us Your Renewal Offer

No credit check. No obligations. Just forward the offer your bank gave you. That’s it.

🧠 STEP 2: We Do The Work

We compare it to what’s REALLY available from 30+ lenders. You’ll see - in plain English how much you could save or gain by switching.

💥 STEP 3: Choose What’s Best For You

Want lower payments? Free up cash? Get out of debt? This is your opportunity to restructure your mortgage around your life - not your lender’s bottom line.

Your renewal is your leverage. You’ve got one shot to negotiate, restructure, or refinance without penalties.

Most people waste it.
You won’t.

🎯 Book Your Free Mortgage Renewal Review
3-step mortgage comparison process infographic for Canadian homeowners - showing how to upload documents, compare 30+ lenders, and find the best mortgage match and savings.

Still not sure? Good. That means you’re thinking.

Now let’s destroy the doubts holding most people back:

  • Yes. It’s easier. And more expensive.
    The banks count on convenience to keep you locked in. But easy ≠ smart.
    You wouldn’t take your first car insurance quote without shopping around - why treat your biggest financial decision any differently?

  • Ask yourself this:
    Good… compared to what?
    Banks often use inflated posted rates to make their offer look like a discount.
    We compare that “good” rate against 30+ lenders and show you if you’re really winning - or just being loyal to a marketing trick.

  • No penalty. No fees. No nonsense.
    As long as you’re at your renewal date, you can move your mortgage without any payout penalty.
    We’ll even show you how to move with zero out-of-pocket costs.

  • Yes — but only if you decide to move forward.
    Your first review is totally free and doesn’t impact your credit.
    We’ll do all the math first so you only apply if it actually makes sense.

  • There’s no catch.
    You’re not paying a fee, there’s no subscription, and no obligation to switch.
    If we can’t beat your offer or help you restructure for better results - we’ll tell you straight up.
    We only get paid by your lender if you choose to move forward.

  • That’s one of the smartest reasons to review your mortgage at renewal.
    We can explore options like:

    • Refinancing to a lower rate

    • Extending your amortization

    • Rolling in high-interest debts to reduce overall payments

    Whatever your goal is - lower payments, debt freedom, cash flow relief - we build your renewal strategy around it.

One Final Thought

You have one moment every few years where you can change everything - with zero penalty.
Why waste it?

Let’s Talk About Your Mortgage Renewal

I’ll follow up by email — no pressure, no sales pitch.