Refinancing, 2nd, 3rd, 4th Mortgages you can refinance up to 95% of your home's value.
Use your money tied up in your home to do what you always wanted or just take that vacation you missed so much
thinking about buying back your car at the end of the lease?
Refinancing a home mortgage involves paying off one mortgage loan with the proceeds of another mortgage loan. Refinancing your mortgage can be done to consolidate your debts, lower your current interest rate, shorten the term of your current mortgage, pay off a land contract/contract for deed, pull cash out for any purpose, or take a much needed vacation!
You can save a lot of money in interest you don't need to pay!
Is this the right time for a mortgage refinancing? That all depends. The most common reason for a mortgage refinance is to lower monthly payment through lowering current interest rates. This mortgage refinance calculator will help you make a well-informed decision.
Refinancing a mortgage to lower your current mortgage term is another good reason to refinance. If you are currently on a 25 year that averages 7.75% mortgage rate and you have 17 years remaining, maybe you can get a 5 or 10 year mortgage at 5.5%. The amount of interest you save of the course of time is incredible. Not to mention the obvious, you will save years of mortgage payments.
Lowering interest rates is not always the reason to refinance a home mortgage. You may want to consolidate your bills, into one manageable payment by using the home’s equity. This type of mortgage refinancing is very popular. It is also referred to as a Debt Consolidation Home Mortgage Refinance. We are Available in Toronto, Mississauga, Brampton, Oakville all GTA, Ontario and across Canada.
Located at 4576 Yonge Street 2nd Floor just North of Hwy 401.
IF YOU BORROW
YOUR MONTHLY PAYMENT
$ 10,000
$ 57.93
$ 25,000
$ 144.83
$ 50,000
$ 289.66
$ 75,000
$ 434.49
$ 100,000
$ 579.32
$ 500,000
$ 2,896.59
$ 1,000,000 & up
$ Call for pricing
* Exaples of payments at 6.5% subject to change without notice
A second mortgage is sometimes indispensable specially if a client finds the first mortgage hard to carry or insured mortgage hard to qualify for.
A second mortgage provides for the difference between the down-payment the client can afford and 25% to 35% of purchase price.
A second mortgage can be used for a number of other purposes, too. Such as:
