Ontario homeowners can now receive free alerts when it's time to save on their mortgage. WealthTrack's new Mortgage Monitoring service helps residents track rate changes automatically and identify potential savings without contracts, credit checks, or sales pressure.
GUELPH, ON, Nov. 20, 2025 /PRNewswire-PRWeb/ -- In an effort to make financial literacy more accessible and empower local homeowners, David Pipe, Mortgage Broker with TMG and Advisor at WealthTrack, has launched a first-of-its-kind Mortgage Monitoring service, completely free and designed for simplicity.
"The mortgage and financial world is often an area where people worry about trust," says David, who founded WealthTrack in 2020. "Part of what I'm trying to do is bring information to people in a way that's easier and more transparent."
The new WealthTrack Mortgage Monitoring tool acts as a personal watchdog, tracking each user's mortgage against the market, and automatically alerting them when there's a chance to save money. Homeowners simply provide basic details such as their balance, rate, and lender; no credit check or income information required.
For most homeowners, this could mean saving thousands of dollars, often without switching banks or sitting through a sales pitch. The system scans hundreds of Ontario mortgage rates daily and sends alerts only when potential savings are available.
"It's only a couple of months old, but the response has been really good," says David. "The thing that surprises people most is how simple it is."
Users of the service are not locked into any contracts. Even if the system flags a savings opportunity, homeowners are under no obligation to work with David or WealthTrack. "It's purely a tool designed to protect homeowners from missing out on better options," he adds.
Recently, one user received an alert within a week of signing up, identifying a potential $10,000–$20,000 in savings. "Everyone should have the information available to make these kinds of big decisions," says David.
As interest rates remain high, David encourages homeowners not to automatically sign renewal offers without reviewing the market. "As professionals, we need to be there for our clients," he says. "We built Mortgage Monitoring to earn trust automatically. It's free, unbiased, and alerts you only when it benefits you, not the lender."
A longtime Guelph resident, David and his family have called the city home since 2008. Beyond business, he supports community initiatives such as the Terry Fox Run and Tour de Guelph, helping raise funds for cancer research and Guelph General Hospital.
Community remains central to his mission: to be not just a mortgage broker, but a trusted advocate who simplifies financial decisions for local homeowners.
Homeowners can see in under a minute if they're overpaying. To try the free monitoring tool, visit www.wealthtrack.ca/mortgage-monitoring
About WealthTrack:
Founded in 2020 and based in Guelph, Ontario, WealthTrack provides planning, insurance, and investment services across Ontario. WealthTrack is dedicated to empowering clients through education, transparency, and tools that simplify complex financial decisions. Learn more at www.wealthtrack.ca David Pipe is a licensed Mortgage Broker with TMG – The Mortgage Group #10315
Media Contact:
Emily Roe
Marketing & Communications Coordinator
Media Contact
Emily Roe, WealthTrack, 1 2264861133, [email protected], https://www.wealthtrack.ca
David Pipe, WealthTrack, 1 2264861133, [email protected], https://www.wealthtrack.ca
SOURCE WealthTrack
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