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Mortgage Renewal Shock 2026 — Why Payments Are Exploding & What Homeowners Are Doing Instead

If your mortgage is renewing in 2026, brace yourself.
January 11, 2026 by
Mortgage Renewal Shock 2026 — Why Payments Are Exploding & What Homeowners Are Doing Instead
Admin

Thousands of Ontario homeowners are experiencing Mortgage Renewal Shock — monthly payments jumping 30–60% overnight as ultra-low rates from 2021–2022 expire.

Why Renewal Shock Is Hitting So Hard

  • 1.7% mortgages renewing at 4%–6%+

  • Stress test rules blocking refinancing

  • Banks offering take-it-or-leave-it renewals

  • Household costs already at breaking point

What Smart Homeowners Are Doing

Instead of accepting unaffordable bank renewals, many are:

  • Using second mortgages to lower monthly pressure

  • Consolidating debt into equity

  • Choosing short-term private solutions until rates settle

How Lendworth Helps

At Lendworth, we approve based on equity — not stress tests.

✔ First & second mortgages

✔ Interest-only options

✔ Fast approvals (24–48 hours)

✔ Exit strategy back to banks later

📞 Call Lendworth: 905-597-1225

🌐 Home Equity Loans Ontario – Fast Private Mortgages

Your equity deserves more™