Refinance SpecialWhether you are
Refinancing your current mortgage at its maturity date or not
it is a great time to speak with a mortgage broker! It’s always a good
time to re-evaluate your mortgage strategy, especially when
refinancing. If your maturity
date is coming up your current lender would have already offered
you a slightly inflated mortgage rate to renew at in the hopes
of getting a little more interest income from you. The fact
that you are looking around already will definitely save you
some money. If you still have some time before you must renew,
then congratulations on being so proactive! There are great
advantages to refinancing. You can save money; increase monthly
cash flow and eliminate the stress of making multiple loan payments,
and if you are using a Mortgage Broker it is the beginning of
a new period in your mortgages life. Your pocket book will thank
you for it! Imagine having a team dedicated to ensuring that
you never over pay for your mortgage again. If you are thinking of breaking your current mortgage without taking out any additional funds, just wait one second! Click on the link to see what CMHC has to say about refinance to see if it is worthwhile while taking into account the penalty that your current mortgage will have. If you are thinking
about breaking your existing mortgage to take out additional
funds to pay off debts, then you should have a look at the
Credit Consolidation
Page of our website. Refinancing high
interest credit cards and other loans into one lower rate monthly
mortgage payment will reduce the interest rate and extend the
prepayment time by altering the term to maturity of the loan.
You can also use the equity on your home to renovate your existing
property and increase its value. Please fill out
the below form at your convenience. The information will be
greatly useful in aiding us in starting the process. |