Service details

Re-financing to consolidate and pay debts, improve cash flow, access home equity for investment opportunities and/or renovations are commonly encountered and accepted practices in Canada. Re-financing your mortgage can be done on or prior to the maturity date, depending on the situation. While Re-financing your mortgage, you may choose to stay with your existing lender or switch to another lender based on several factors. In all circumstances, it is recommended that you consult a mortgage professional to understand the available options and select the one that is most suitable to your financial situation.

Here are a few common Mortgage Refinance scenarios:

• Debt Consolidation to reduce the overall Cost of Borrowing and enhance monthly cash flow.
• Withdrawal of Equity for other Investment Opportunities, Renovations and/or other circumstances.
• Spousal Acquisitions in the event of a divorce/separation.
• Access to Home Equity Line of Credit (HELOC).
• Re-finance plus Improvements Mortgage.
• Switching lenders and severing your existing mortgage for better Cash Flow, extending Amortization and/or decreasing your mortgage Interest Rate.
• Credit Repair including Consumer Proposal Pay-out