01. Current file
Enter the mortgage.
Add the lender, balance, current rate, payment, amortization, renewal date, and rate type.
Rate My Rate mortgage check
Is your current mortgage rate competitive?
Rate My Rate compares your current mortgage against today's market view, then frames the result around the question that matters: save interest, lower payment, or wait.
What it checks
Your current mortgage rate against today's market view
Potential interest savings, payment relief, or wait-for-renewal scenarios
Estimated break penalty and break-even timing when switching may be relevant
A cleaner starting point before speaking with Adam about next steps
How it works
A quick rate check before a bigger conversation.
The app starts with details most homeowners can find quickly: lender, balance, rate, payment, amortization, and renewal date. It then compares the mortgage against a market rate, estimates possible interest or payment improvement, and includes penalty math.
02. Market view
Compare the market.
Rate My Rate benchmarks the file against a current market view and estimates the possible payment change.
03. Next step
Decide what comes next.
The result frames savings, break-even timing, and whether it makes sense to act before renewal or wait.
Common questions
What is Rate My Rate?
Rate My Rate is a mortgage rate check from Lawrence Park Mortgage. It compares your current mortgage rate against a live market view and frames whether a closer review may be worthwhile.
Who should use Rate My Rate?
It is most useful for Canadian homeowners who already have a mortgage and want to know whether their rate, payment, renewal timing, or switching penalty deserves a closer look.
Does Rate My Rate replace mortgage advice?
No. Rate My Rate is an estimate and planning tool. It does not approve a mortgage or provide personalized mortgage advice. Adam can review the details before any decision is made.
Does it include penalty estimates?
When the details support it, Rate My Rate can estimate a break penalty and break-even timing. The actual penalty must be confirmed with the current lender before relying on it.
Ready when you are
Check the rate, then review the actual file.
Rate My Rate gives you a useful benchmark. Adam can help confirm whether the result is worth acting on before renewal or before accepting a lender's offer.