Live in British Columbia · Built in Burnaby

Mortgage renewal? Specialists compete
for your business.
You only pay if they win.

Upload your renewal letter. Mortgage specialists at Canada's Big 5 banks, credit unions and independent brokers compete for your business. Pay only if someone beats your offer.

CIBC offered 4.45%, BeatMyRate secured 3.45% from RBC — total savings $123,201
No broker fees
No document uploads
Real specialists bid
Pay only if you save

Our guarantee: we beat your bank's posted rate and renewal offer — or you pay nothing.

How it works

From renewal letter to better rate in 48 hours.

01

Upload your letter

AI reads your renewal letter instantly. Fill a short profile. Takes 4 minutes.

02

Specialists compete

Bank specialists, credit unions and brokers get notified automatically. They submit their best rates within 48 hours.

03

You choose and save

See all bids on your live board. Pay only if a bid beats your offer. Connect directly with your specialist.

Varinder Kainth, founder of BeatMyRate

The story behind BeatMyRate

Why I built this — by Varinder Kainth

I have owned multiple properties in the Lower Mainland. Every renewal I was told the same thing — go to a mortgage broker.

So I did. Some brokers wouldn't take my file. Others came back with options that looked good on the surface but felt off when I looked closer. Brokers are paid by lenders — and not all lenders pay the same.

I started reaching out directly to mobile mortgage specialists at Canada's Big 5 banks. I learned what they needed to see. I built real relationships with people who wanted to do good business.

That's how I locked 3.45% with RBC on my own renewal when CIBC posted 4.45% — saving $123,201 over the life of the mortgage.

BeatMyRate is how I share that access with every Canadian homeowner.

— Varinder Kainth, Founder · Burnaby BC

Who actually bids on your renewal

Real bank employees. Not brokers.

BeatMyRate specialists are mortgage advisors employed directly by Canada's Big 5 banks and major credit unions. They know their bank's products — and their bank's promotions — better than any broker can.

Big 5 banksRBC · TD · CIBC · BMO · Scotiabank
Credit unionsCoast Capital · Vancity · BlueShore · Prospera

Did you know? Some Canadian banks won't work with mortgage brokers at all. If you go through a broker, those banks — and their rates and promotions — are silently off your table. BeatMyRate goes direct to the specialists inside each bank, so nothing is missing.

01

Structured for approval

It's not just submitting an application — it's how it's structured. Specialists know exactly what their own underwriters want to see, so files get approved at the best possible rate.

02

Bank-only promotions

Each bank runs its own cashback, points and rate promos — promos brokers often can't access. You see whatever is live across all of them, not just one.

03

Real example

On Varinder's own RBC renewal: a better rate plus $3,500 cashback and 1,100 Avion points — on top of $123,201 saved over the mortgage.

Why BeatMyRate is different

Your bank

One rate. No competition. They hope you just sign.

Mortgage broker

Paid by lenders. Some big banks won't even work with brokers — so those rates are off the table before you start.

Shopping yourself

Awkward. Time consuming. No leverage.

BeatMyRate

Real specialists bidding openly. You see everything. Pay only if you save.

Ready to check your rate?

Answer a few simple questions. Specialists bid in 48 hours. Pay only if you save.

Start my application →

Takes about 4 minutes · No account needed to start

Frequently asked questions

Is BeatMyRate a mortgage broker?

No. We are a marketplace, not a licensed mortgage broker. Specialists compete independently and we don't provide mortgage advice or recommend lenders.

When do I pay?

Only after you see a rate that beats your renewal offer and you choose to accept it. If nothing beats your offer, you pay nothing.

What if nobody beats my rate?

You pay nothing. Zero. We'll set a rate alert for you for free and notify you when the market moves.

For mortgage professionals

Join the BeatMyRate specialist network

Get access to pre-qualified, motivated mortgage clients. No cold leads. Real competition. Serious buyers.

Apply as a specialist →