top of page
Modern Interior Design

Many reasons to consider refinancing.

Mortgage refinancing can be the solution for various life situations. Whether you're dealing with a financial emergency, seeking to enhance your financial situation, invest more, or indulge in a long overdue trip, refinancing can be the answer – when done correctly!

​

What is Mortgage Refinancing

Mortgage refinancing allows you to replace your current mortgage with a new one, offering various benefits. Consider refinancing for these reasons:

 

  • Leverage large increases in property value

  • Get home equity for upgrades or renovations

  • Expand your investment portfolio

  • Consolidate debt for better management

  • Fund your kids' college expenses

  • Navigate through a divorce with financial flexibility

  • Secure a better interest rate for cost savings

  • Convert your mortgage from fixed to variable (or vice-versa) for flexibility.

​

Benefits of Refinancing

Mortgage refinancing offers several significant benefits, including reducing financial stress and securing a brighter financial future. Some key advantages include:

 

  • Accessing a lower interest rate through a mortgage professional with access to over 90 lenders, ensuring the best mortgage product for your needs.

  • Consolidating high-interest consumer debts into a single, lower payment, using your mortgage to free up cash.

  • Modifying your mortgage to pay it off faster or switch to a fixed-rate for stability.

  • Utilizing your home equity by refinancing to access up to 80% of your property's appraised value.

  • Discuss your refinancing options with a mortgage professional to make informed decisions for a more stable financial path.

​

Refinancing Considerations

Refinancing your mortgage can be a solution for financial challenges or specific situations. However, there are important considerations:

 

1. Refinancing during the term may incur penalties, so waiting until the term's end is preferable.

2. Mortgage refinancing allows accessing up to 80% of home value.

3. Re-qualification under current rates and stress test is required.

4. No default insurance needed, expanding lender options.

5. Appraisal cost and legal fees are involved in the new mortgage agreement.

 

Contact us today for access to better rates and tailored refinancing plans without any added cost.

bottom of page