Why refinance your mortgage?
Refinancing your mortgage allows you to acquire a loan with which you can develop projects that are important to you. Whether you want to finance a new home improvement project, travel, purchase a second home, go back to school, finance your kids’ education or start a business, mortgage refinancing is the perfect way to get a low rate loan. You can also use your mortgage refinancing to consolidate your debts , reduce your mortgage rate, increase your contributions to your RRSP or make investments. Whatever your project, talk to our experts, they can advise you on the mortgage refinancing product adapted to your situation!
What is mortgage refinancing?
Mortgage refinancing makes it possible to borrow a new sum of up to 80% of the repaid principal of your mortgage, and at the same time consolidate all your debts in the same place. Mortgage refinancing allows you to benefit from a better interest rate and to have cash to realize your projects. For example, if your property has a value of $ 300,000, you can get up to $ 240,000 when you refinance your mortgage. If you still have $ 150,000 left on your mortgage, you subtract it from the loanable amount and you will have the right to borrow up to $ 90,000. Of course this loan is granted on condition that a lender agrees to do so.
Moreover, the role of a mortgage advisor is to find a lender who will be able to finance you, even if you do not have a good credit rating. It is also in his mandate to find the best products among the options of all financial institutions, in order to benefit you to the maximum. Do not delay, ask for advice now from our experts!
How to refinance your mortgage?
There are many mortgage refinancing products from several financial institutions. These respond to specific needs and situations. In order to make sure that you have the mortgage refinance product that is right for you, seek the help of a mortgage advisor . Our experts are also experienced and qualified to advise you the best products. Contact us now to take advantage of their expertise and quickly obtain financing for your projects!