Unlocking Your Home For More Cash

Understanding Your Refinancing Options

Refinancing a mortgage can be a smart financial move, whether you're looking to lower your interest rate, reduce monthly payments, consolidate debt, or tap into your home equity.

As mortgage brokers, we have access to a variety of options beyond traditional banks, and work with you to get a solution that you can pay off easily. Contact us today for more information on how to use your home value to meet your current needs.

Common Questions About Refinancing

What is Refinancing?

Refinancing involves replacing your existing mortgage with a new one, typically with different terms. Common reasons to refinance include lowering your interest rates, extending your amortization, accessing your home equity , and consolidating debts.

How Can This Help Me Now?

Refinancing offers increased cash flow, through either decreasing your mortgage payments or obtaining a lump sum cash payout (known as an equity take-out). Although this may result in increased borrowing costs, not only is refinancing via a mortgage cheaper than using credit card debt, the extra cash flow gained from refinancing can be put towards high return activities, such as investments, education, or home improvements.

Can I Pay My Mortgage Faster Through Refinancing?

Yes you can! One option for refinancing is when you switch lenders to reduce your interest rate. For example, if you had a high interest rate due to poor credit, but your credit improved over time, a refinance will likely offer better interest rates, resulting in substantial cost savings to you both immediately and in the future!

What Is Involved In Refinancing?

Refinancing is similar to mortgage applications, where you will need to provide details of your income, credit history, and property. We make this easy with a 10-minute application that you can fill out right now! Once we have your information, our specialists assess the best product for you and apply to the bank on your behalf, then we review the information with you, if necessary complete a quick home appraisal, then connect you with your new mortgage in a fast, simple, easy and stress free process!