How are you all tracking your mortgage lock-in expiry dates and monitoring when to refinance?
Been having a lot of conversations with friends lately about home loans — specifically about missing the lock-in window and not knowing when it actually makes sense to refinance vs reprice.
Curious how this community handles it. A few questions:
• Do you manually track your lock-in end date, or do you rely on your bank to remind you?
• How do you decide when the savings from refinancing are actually worth the hassle and fees?
• Do you actively monitor SORA movements, or just check when your lock-in is approaching?
• Has anyone been caught out by missing their lock-in window and rolling onto a higher rate?
For context, I’ve been thinking about building a simple tool to automate some of this — lock-in reminders, rate monitoring, a rough savings calculator factoring in switching costs. But wanted to first understand if people actually find this painful enough to want something, or if everyone already has a system that works.
Would love to hear how others manage this, especially those who’ve refinanced before.