When your mortgage term is up for renewal, your lender will send you a renewal offer. Most people simply sign it and send it back. But that renewal rate is almost never the best rate available to you.

By working with a mortgage professional at renewal time, you can compare rates across top lenders, potentially save thousands of dollars over your next term, review your mortgage terms and make changes that suit your current situation, and consolidate debt or access home equity if needed.

A 15-minute conversation could save you $5,000 or more over your mortgage term.