Refinancing
What is a Mortgage Refinance?
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A mortgage refinance involves replacing your current mortgage with a new one. This can help extend your amortization period to reduce monthly payments, potentially lower your interest rate, and give you access to your home's equity.
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If you don't have an existing mortgage on your property, refinancing can still allow you to tap into your equity, either through a new mortgage or a Home Equity Line of Credit (HELOC).
Why Refinancing Might Be Beneficial
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There are several reasons why refinancing could be a smart choice. Perhaps you've lived in your home for a while and are ready to make important renovations. Maybe you've accumulated significant debt from loans or credit cards and want to use your home equity to consolidate and manage it more effectively.
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Or you might feel that your mortgage interest rate is higher than it should be. Whatever the reason, our lenders offer some of the best mortgage products in Canada to support your financial goals.
Home Improvement Financing
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If you're planning to make home improvements, you can often incorporate the renovation costs into your mortgage. This typically leads to lower payments compared to managing both a home improvement loan and a mortgage separately, while also securing a better interest rate.
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Upgrading your home boosts its value and can increase your equity. Since your home is one of your biggest investments, maintaining and improving it is a smart financial decision!
