Would you like to use the equity built in your home to finance other projects? You can borrow up to 80% of your property’s market value after deducting the outstanding balance on your mortgage,
Main reasons to refinance your mortgage include:
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- Home renovations to increase property value;
- Invest in a vacation home or other property;
- Make profitable investments or invest in your RRSP;
- Reduce your monthly payments by consolidating your debts at a better interest rate;
- Other important purchases…
How to proceed and get the best mortgage rate?
As with any new mortgage, you will need to renegotiate the conditions of your loan. Contact our dedicated team of brokers that will negotiate with more than 20 financial institutions to find the best mortgage rates on the best terms.
Your broker may also help you plan your financial needs and will calculate the transaction related costs such as the notary fees.