Use the money in your Markham or Oshawa home to pay off high interest debts and be mortgage-free quicker.
Refinance up to 80% of your home's value quickly and easily to pay off high-interest credit card debt that has caused your cash flow to slow to a trickle. Worried about penalties? Don't think it can make much difference? Think again. By using your home equity to consolidate your debt, you can improve monthly cash flow, have one easy payment, and be mortgage-free quicker.
Call or email us today for full details and a FAST mortgage pre-approval!
Mortgage refinancing for those in the Markham, Oshawa and surrounding areas
Mortgage refinancing is the act of replacing your mortgage(s) on your property with a new, single mortgage with different terms.
Mortgage refinancing is not a second mortgage, but it has the added benefit of allowing borrowers to increase the total amount of their mortgage under a new, single set of terms, or to simply refinance the remaining amount of their mortgage with possibly better terms.
When refinancing, mortgage brokers are most likely to take you to companies like Home Trust, Equitable Bank, and Canadian Western Bank, while a first mortgage with a major Canadian bank will often include a steep penalty if you need to refinance the mortgage early.
You can choose to refinance at a great rate now if your mortgage is up for renewal, or if you’re looking to borrow more money today, months or years ahead of your mortgage renewing. Give our team a call to avoid a higher interest 2nd mortgage or additional fees for breaking your mortgage early.