If you’ve got a mortgage renewal coming up, you’re not alone — nearly 60% of Canadian mortgage holders will face one in the next 12–18 months. And with rates no longer sitting pretty at the rates we saw in the early 2000's, it can feel overwhelming to figure out your options.

In this episode of the Mind & Money Podcast, Sherry (Financial Coach) and Val (Financial Planner) dig into everything you need to know about mortgage renewals — from confusing letters with twelve different rates, to whether you should stick with your bank or talk to a mortgage broker, to strategies that make the payment increase feel less painful.

We’ll talk about:

• How to set your payments up to save you 1,000s

• How to advocate for yourself (and not get screwed by your bank’s “first offer”)

• When rolling debt into your mortgage makes sense — and when it can backfire

• How to make your life easier by lining up your payment schedule with your pay schedule

• How to test-drive a higher mortgage payment before renewal

This isn’t about jargon or shame. It’s about clarity, strategy, and feeling more in control of one of the biggest financial decisions in your life.

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