Now is the time to act -- while interest rates are still low! Contact us today for a free consultation on refinancing your home.
There are many reasons to refinance a mortgage. One of the smartest reasons is to refinance your mortgage in order to take equity out of the home and apply it towards paying off other debts that have higher interest rates.
As your Accredited Mortgage Professionals, we can arrange a mortgage refinance to consolidate your debts.
Debt consolidation, also referred to as 'refinancing', is quite common these days. Many consumers are carrying high interest debt like credit cards and finance company loans, and are starting to feel increasing pressures on their cash flow. On the brighter side, many homeowners have seen an increase in their home values by as much as 25% in the last two years; and mortgage interest rates, although beginning to climb from an all-time low, are still very attractive. This means that now is the ideal time to refinance your high interest debt by tapping into your home’s equity.
A mortgage refinance can save you thousands of dollars in interest charges, allow you to pay off debts, increase your monthly cash flow, and even free up some funds for investments.
One of the best times to consider refinancing is at renewal when there
is no early-payout penalty charged; however, refinancing at other times
can also be beneficial despite any costs involved. For instance, there could be a penalty for early payout of the existing mortgage. Other costs include an appraisal of the property and legal expenses. Even with the costs involved, the savings and rewards of refinancing can greatly outweigh these costs.
We'll help you determine if the benefits to you outweigh any costs that might be involved in refinancing your home.
We make mortgage refinancing simple: one application and one credit bureau gives you access to hundreds of mortgage products through Canada’s top banks, credit unions, and life and trust companies. Best of all, the service is free (O.A.C).
Don't wait to contact us today for a free consultation on refinancing now or at renewal time.
