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.