Refinance
Get Pre-Approved
This is the first step on your road to homeownership. A pre-approval is a conditional commitment from your lender to grant you a mortgage, which will help you understand what you can comfortably afford to spend. Let’s get you pre-approved today!
Book A Call With One Of Our Experts
You have questions and we have answers! Let’s talk about what we can do to get you into your first home, upgrade to a new home, tap into your home equity, take advantage of today’s low rates through a refinance or whatever your mortgage financing needs may be.
Refinance
Refinancing your mortgage can save you a lot of money over time by taking advantage of lower interest rates or accessing home equity to pay off high-interest debt, renovate, buy an investment property, send your kids to school or even free up cashflow. By using your mortgage to your advantage, you’ll pay a lot less each month and save on interest. We’re here to help improve your financial situation.
Download Our Free Mobile App
How It Works
Book a Call with One of Our Team Members to Discuss Your Goals
We want to hear your story so we can understand your goals and dreams, and customize a mortgage plan that works best for your unique situation.
1
Apply For Your Mortgage
If you’re buying a new property, we’ll secure a pre-approval so you know what you can comfortably afford. And if you’re renewing or refinancing an existing mortgage, we’ll ensure we find your best options.
2
Review All Your Options
We’ll get the lenders competing for your mortgage business. Next, we’ll review your options so you understand each choice.
3
Choose The Best Mortgage For You
We’ll clearly explain which option we believe best fits your current financial situation and future goals, and why this is our top pick.
4
Refinancing questions
What does it mean to refinance a mortgage?
Refinancing replaces your existing mortgage with a new one, usually to take advantage of a lower rate or to access the equity you have built up.
How much equity can I access when I refinance?
In Canada you can generally refinance up to 80% of your home's appraised value, less what you still owe.
Is it worth refinancing to pay off other debt?
It can be, because mortgage rates are typically far lower than credit card or unsecured loan rates. The saving has to be weighed against any penalty for breaking your current mortgage.
What is the penalty for breaking my mortgage early?
On a variable rate it is usually three months' interest. On a fixed rate it is normally the greater of three months' interest or the interest rate differential, which can be substantially more.
What can I use the money from a refinance for?
Common uses are paying off high-interest debt, renovating, buying an investment property, funding education, or freeing up monthly cash flow.