Mortgage Refinancing and Equity Take-Outs

There are many reasons to consider refinancing your home.

• Lower your rate from Higher Bank Rates to Lower Broker Rates.
• Consolidate other debt or 2nd mortgages into One Low Monthly Payment.
• Finance Renovations to your Home.
• Borrow to Invest.
• Finance children’s education or a vacation.

You can refinance up to 95%* of the value of your home.

Here is an example of how a mortgage refinance can save you money even with no change to your rate: (although most often we lower your rate too!)

* Mortgage loans beyond 80% loan-to-value require Mortgage Default Insurane from CMHC or Genworth Financial. Insurance premiums apply.