Refinancing & Renewal Briefs
Refinancing replaces your existing mortgage with a new one — often to access home equity, consolidate debt or secure a better rate — while a renewal continues your mortgage at the end of a term.
With a wave of Canadian mortgages coming up for renewal, refinancing decisions matter more than ever. This hub collects RateHarp briefs on renewals, refinancing, home equity and HELOCs, plus the tools to run the numbers yourself.
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Free tools
Mortgage CalculatorsPayment, affordability and stress-test calculators built for Canadian mortgages.Compare & SaveSee how much you could save by comparing today's mortgage options.Rate WatchTrack Canadian mortgage rates and get alerted the moment they move.Reverse MortgageExplore how homeowners 55+ can unlock tax-free home equity.
Your Questions, Answered
Frequently Asked Questions
Refinancing can make sense to access equity, consolidate higher-interest debt, or move to a better rate — but you have to weigh any prepayment penalty against the savings. Running the numbers first is essential.
It refers to the large share of Canadian mortgages renewing over a short window, many of which were arranged at lower rates. Borrowers renewing may face a higher payment, so planning ahead helps.
Often yes. At renewal you're typically free to shop around, though a new lender may re-qualify you. Comparing offers can be worthwhile — our savings tool is a good starting point.