Canadians today face many reasons to refinance their mortgage. For example, you may have been working at improving your credit score and now qualify for a new mortgage with a better discount, or you may want to stabilize your payments by changing from a variable rate mortgage to a fixed-rate. Refinancing is also a good option to pull out equity for consolidating debt, home improvements, investments, college expenses, and more.
- Take advantage of low interest rates and lock them in for a longer term
- You can save hundreds of dollars in monthly payments
- Use equity on your house to fund a second home purchase
- For home renovation
- To set aside savings
- Life changes may have put you in a better negotiation position with your lender
Contact us for a discussion on your refinancing options.