Hey friend,

If you’ve recently opened your mailbox (or email) and found a friendly little note from your lender titled “Mortgage Renewal Offer”, you might’ve had one of the following reactions:

A) Mild panic 😬
B) Immediate urge to sign and get it over with
C) Considered throwing it into the recycling bin and pretending it didn’t happen
D) All of the above, plus a long sigh and a snack

I get it. Renewals in 2025 aren’t exactly joyful endevours. Instead, you’re staring at a renewal letter, maybe side-eyeing the grocery bill, and seriously considering stress-eating an entire box of crackers.

But here’s the thing: you’re not alone—and more importantly, you’re not stuck. In fact, this might be your best shot in years to hit reset and make your mortgage actually work for you.

Let’s break it down:

• Your lender’s first offer isn’t the final offer. Think of it as the opening move in a friendly game of chess. You’ve got options—better ones, in many cases—and lenders are competing hard for your business this year.

• You can soften those payment jumps. Extending your amortization, tapping into equity, or even just switching to a more flexible lender can change the math (and your monthly stress levels).

• There’s no one-size-fits-all answer. Fixed, variable, short-term, long-term—what’s “best” depends on your plans, your comfort level, and yes, how well you sleep at night.

Here’s what we’re seeing across the board:

• Rates are easing (finally!)

• Home values are steady (in many BC communities, they’re holding strong)

• Lenders are finally trying to impress you

So… if your mortgage is up for renewal soon, this is your moment to pause, reassess, and ask:

And if the answer is “ehh, not really” — that’s where I come in. I’m not here to toss buzzwords at you or talk about yield curves. I’m here to make sense of your options, chat it through like a friend, and help you come out the other side with a mortgage you feel good about.

TL;DR:

Don’t just sign that renewal letter because it’s easy. Let’s make it smart. Let’s make it strategic. And heck, let’s even make it hopeful.

Ready when you are — book a quick chat and let’s turn this “ugh” moment into a win.

– Andrew Ladriere