MORTGAGE REFINANCING
ONTARIO

HOW MUCH DO YOU WANT TO BORROW?

    Mortgage Refinancing Solutions in Ontario

    Mortgage refinancing offers homeowners the chance to take advantage of their home equity and use that capital to make the right financial choices for their families.

    Burke Financial is an award-winning Mortgage Broker committed to helping homeowners use their home’s equity to its full potential. We’re here to help you decide if refinancing your home mortgage is the right decision for you and will work diligently to ensure that you achieve the best possible rate for your refinancing needs.

    Our refinancing solutions are available across Southern Ontario, including Ottawa, Kitchener, Hamilton and Toronto. Learn more about your mortgage refinancing options today.

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    Mortgage Refinancing Burke Financial 1 1

    Mortgage Refinancing

    Refinancing a mortgage in Ontario involves replacing your existing loan with a revised one, either with the same or a different lender. Homeowners often enquire about refinancing because of the potential benefits they can reap.

    Some choose to refinance their home mortgage to take advantage of low-interest rates, while others prioritize accessing home equity quickly. Credit cards and high-interest debts can have adverse effects on your budget and credit score, so it’s a good idea to reach out to a home mortgage refinance company to help you consolidate those outstanding payments.

    Refinancing can allow you to access up to 85% of your home’s value, discounting any outstanding mortgages. You can use equity to renovate your home, invest in stocks, buy a new car, purchase additional property and more. As a homeowner, you have the freedom to decide how to use this loan to meet your financial goals.

    Refinancing a home can seem overwhelming, and we’re here to make sure it’s as smooth and efficient as it can be. Our industry-leading team has years of experience guiding homeowners through the process of rates and refinancing.

    Mortgage Refinancing For All Situations

    If you’re considering refinancing your mortgage, no matter where you are in the process, we have the resources to help you make an informed decision.

    Burke Financial knows refinancing is about more than interest rates and payment plans. We’re your partner in this critical decision. Our brokers are committed to providing you with all of the information you need to make an informed choice about your financial future.

    We offer refinancing solutions across Ontario and specialize in Ottawa, Hamilton, Kitchener, and Toronto. Consider how you can benefit from mortgage refinancing.

    Mortgage Refinancing For All Situations
    Lower Interest Rates Refinancing

    LOWER
    INTEREST RATES

    Refinancing a mortgage to secure a lower interest rate can save you a lot of money in the long-run.

    It offers an opportunity to re-invest and plan for the future with only minor changes to your term and monthly payments.

    Your Burke Financial broker can help you decide if those lower rates and your current equity are worth refinancing.

    Access Home Equity

    ACCESS
    HOME EQUITY

    Every month you pay off a portion of your property, you’re accumulating equity on your home.

    Why not take advantage of that equity with a low-interest rate by refinancing your home mortgage.

    Re-invest that equity through home improvements, education, or those outstanding credit card bills. You have the freedom to decide.

    Consolidate Debts

    CONSOLIDATE
    DEBTS

    Using the equity you’ve earned through homeownership is a strategic way of making sure your money is truly working for you.

    A home equity loan offers predictability for homeowners juggling multiple payments.

    Credit cards and credit lines often come with hefty interest rates, which are often more challenging to pay off. Debt consolidation allows you to combine outstanding funds into a singular, low monthly payment.

    Why Choose Burke Financial

    At Burke Financial, we specialize in communicating with lenders and investors on behalf of our clients’ needs to get the lowest possible interest rate and develop a successful payment plan.

    We can determine if you qualify for a 2nd mortgage with a better discount or can now stabilize your payments by changing from a variable-rate to a fixed-rate mortgage. We work with multiple lenders to find you the best options available for refinancing your home and negotiate the lowest refinancing rates.

    Our clients trust us to act in their best interest, and we don’t take that responsibility lightly. We understand that the experience of deciding to refinance a mortgage in Ontario will look different for everyone.

    Our extensive team of brokers will tailor their strategies to fit your needs and help you reach those financial goals. We are a leader in customer service, and we’re committed to creating a seamless and enjoyable borrowing experience for all of our clients.

    We proudly serve Ottawa, Hamilton, Kitchener, Toronto, and other major cities. Learn how you can make use of our mortgage refinancing solutions across Ontario.

    Top Choice Award Brokerage of the Year 2021
    Better Business Bureau A Accredited Business
    Canadian Mortgage Brokers Association Member

    Contact Us Today

    Feel free to contact us anytime with any questions that you have. We are here to help every step of the way!

    388 Granton Drive (Unit 1)
    Richmond Hill, ON L4B 1H7
    Canada
    Brokerage # 13111
    Phone: 1-877-709-0709
    Email: [email protected]

      Frequently Asked Questions

      The process of refinancing a mortgage loan involves replacing your existing agreement with a new one. There are two refinancing arrangements to consider — within your term and at the end of the period.

      Choosing to access your mortgage through rate refinance within your term is often used to procure a lower interest rate or access equity in your home. Homeowners often choose the end of the term to access equity solely as they would likely already be eligible to shop for those low rates.

      Refinancing a mortgage in Ontario involves working with a bank or brokerage to replace the existing payments on your home with a new payment plan and interest rate.

      Working with a financial institution directly involves extensive paperwork and a reliable credit standing. At Burke Financial, we believe every homeowner deserves the chance to take advantage of their refinancing benefits. We negotiate on your behalf and shop your application to multiple lenders to get you the most competitive rates and terms.

      There are several reasons why you, as a homeowner, may choose to refinance your Ontario mortgage. For one, you can choose to take advantage of the lower interest rates available. This can often help save money over time and put you in a stronger financial position. Some homeowners may also take advantage of the equity in their home, usually to pay for another investment, such as a child’s education or a major renovation on their home.

      If interest rates have lowered, you could benefit from speaking with a brokerage about refinancing your home loan. We recommend reviewing your mortgage with a professional every year, so you don’t miss an opportunity to take advantage of changing interest rates.

      There are no executive rules around the number of times you can refinance a mortgage in Toronto or throughout Ontario. However, lenders often have guidelines that they follow before they’re able to offer another loan. We’ll tap into our network to find the answers to your questions and match you with the lender that can meet your needs.

      If you’re seeking out a loan from your current bank, the process will vary from institution to institution. A brokerage like Burke Financial has the resources and network to put money in your pocket in as little as 48 hours. Our goal is to deliver the best possible results for our clients and deliver them fast.

      By refinancing, you can access up to 85% of your home’s value — except for any outstanding mortgages. We work with multiple lenders to find you the best options available for refinancing your home loan and negotiate the lowest rates on your behalf.

      Absolutely! At Burke Financial, we understand that building and maintaining good credit is easier said than done — especially if you’re living in a city like Toronto, where the cost of living continues to rise. Refinancing offers homeowners the chance to use the equity in their home that they’ve earned, even if their bank has previously denied their application., We have a growing network of investors, institutions, and private lenders who can help you take the next step, even if your credit score is below 650.