Mortgage renewal workbook

Renew, negotiate or switch, with a worksheet after every chapter for your own numbers. Start about four months before your term ends.

$14 Canadian dollars, plus sales tax where it applies. One-time purchase.

Buy the workbook, $14

A 19-page fillable PDF, Fall 2026 edition. The download link is emailed to you as soon as you pay.

What's inside

  • 6 chapters in plain language: term vs amortization, where your payment goes, renewing your mortgage, breaking your mortgage early, equity, and how to check an offer's math.
  • Compare your offers: a grid for your lender's offer and two others, with rate, term, payment, prepayment room, penalty method, portability and switching costs.
  • Estimate a penalty: three months' interest vs the interest rate differential (IRD), step by step, so you know what leaving early could cost.
  • Switch or stay: your decision, comparing the total cost of each choice over your new term, plus answers to common renewal questions.

A look inside

A chapter page: Breaking your mortgage early, with an In brief box and a worked example.
Each chapter explains one part in plain language
The Your renewal plan worksheet: key dates, a grid comparing three lenders' offers, and a checklist.
Compare your lender's offer with two others
The Switch or stay worksheet: total cost to stay compared with the best other offer, and your choice.
Then decide: switch or stay

How it works

Fill it in on screen or on paper. Type in the 114 blue boxes in Adobe Acrobat Reader, Preview on a Mac, or Microsoft Edge or Chrome, then save. Or print it and write in it.

Where it comes from. The chapters are the Rates Explained: Mortgages course on this site, laid out for print with the worksheets added. They're based on official sources such as the Financial Consumer Agency of Canada and the Office of the Superintendent of Financial Institutions, listed after each chapter.

Questions

Isn't the course free on this site? Yes, and it stays free. The workbook adds the worksheets, the offer comparison and the penalty estimate, in a version that works offline and in print.

How do I get it? Right after you pay, you get an email with a download link. Your copy carries your email address.

Is it advice? No. It explains how these products and rules work. Confirm anything important with your lender, broker or lawyer.

Buy the workbook, $14