|
Mortgage Refinance Options
Many Canadians are applying for a mortgage refinance in order to keep on track with their financial goals. Together we can review your current mortgage profile and help you save money. We have over 40 lenders offering the lowest mortgage rates for your mortgage refinancing.
-
Consolidate high interest credit cards and other loans into ONE lower rate, monthly mortgage payment. Mortgage refinancing will help you save money, increase your monthly cash flow and eliminate the stress of making multiple loan payments.
-
Use equity in your home and a low interest mortgage refinance to renovate your existing property. This is an excellent way to increase the market value of your most important asset.
-
Mortgage Refinance to top-up RRSP investments or purchase Mutual Funds/Stocks.
-
Take advantage of your credit score improvements to refinance an existing subprime mortgage.
-
Purchase an investment property using existing equity in your current home
-
Buy a Car using low interest mortgage rates instead of traditional auto financing
Mortgage Refinance - Debt Consolidation Example
BEFORE AFTER
| Home Value |
$250,000 |
| Mortgage Balance |
$145,000 |
| Interest Rate |
6.95% |
|
|
|
|
| Home Value |
$250,000 |
| Mortgage Balance |
$225,000 |
| Interest Rate * |
5.5% |
|
|
|
|
|
|
|
|
|
| Mortgage ($145,000) |
$1,012 |
| Loans ($30,000) |
$850 |
| Credit Cards ($40,000) |
$1,200 |
|
|
| TOTAL PAYMENTS |
$3,062 |
|
|
|
|
|
|
|
|
| Mortgage ($225,000) |
$1,373.38 |
| Loans (nil) |
$0 |
| Credit Cards (nil) |
$0 |
|
|
| TOTAL PAYMENTS |
$1,373.38 |
|
|
| MONTHLY SAVINGS! |
$1,688.62 |
|
|
|
|
