How we help
Refinancing
We specialize in guiding homeowners through the refinancing process.
At a Glance
What is Refinancing?
Refinancing is when you want to change your current mortgage and the terms. This can be from extending your amortization or accessing equity, to pull money out to consolidate debt, invest, or even purchase another home. We specialize in guiding homeowners through the refinancing process, ensuring you make informed decisions that align with your long-term financial objectives.
Understanding the Mortgage Refinancing Process
Mortgage refinancing involves breaking your current mortgage agreement and starting anew with a different lender or renegotiating the terms with your existing lender. This is done for a variety of reasons.
We are here to help ensure the best possible action plan is taken.
- Refinancing offers the potential for significant interest savings over time (depending on your current rate), the ability to tap into your home’s equity for other investments, or the consolidation of high-interest debts into a lower-interest-rate mortgage.
- Mortgage Renewals are renegotiating your terms and conditions when the existing term is set to expire. Switching lenders is done at NO COST as long as there are not any changes to the amortization or mortgage amount.
- Refinancing requires a full application process, including a credit check and property appraisal, similar to applying for a new mortgage. There can be added costs such as an appraisal and legal costs.
- Renewals may need appraisals but the cost is covered by the lender involved in the mortgage.
Why consider refinancing?
We see refinancing as a strategic tool for financial empowerment. It can greatly assist in building wealth if it is structured properly. Our team works with you to assess your unique situation, offering solutions that unlock the true potential of your mortgage. Whether you’re looking to lower your monthly payments, consolidate debt, or fund life’s big moments, we can help!