Start with your current mortgage.
Find your maturity date, balance, interest rate and remaining amortization. These details let you compare offers on a consistent basis.
Look beyond the payment.
A lower payment may come from a longer amortization. Also compare interest over the term, the remaining balance and prepayment conditions.
Your circumstances may have changed.
A move, a change in income or a renovation project may affect your priorities. Discuss them before choosing your next term.
Prepare for the conversation.
Bring your renewal offer and a list of questions. The website calculator lets you explore two scenarios; it does not replace a lender offer.
Further reading
Financial Consumer Agency of Canada