Refinances

You can refinance up to 80% of the value of the property. Here are just a few reasons you might want to consider refinancing:

• Debt relief with reduced monthly payments
• Purchasing an Investment Property
• Renovations
• Lower Interest Rate
• Big Ticket Purchase i.e. truck, cottage, boat
• Education Financing

Key things to consider when refinancing:

• How long do you plan to keep this house?
• How much is the mortgage penalty to break the mortgage?
• What other costs might you incur for arranging a new mortgage?
• Do you need access to the funds now, or later down the line?
• Does this make financial sense?