Mortgage refinancing
Refinancing replaces your current mortgage with a new one. Lower your rate, switch from variable to fixed (or vice versa), or tap into your equity for renovations, debt consolidation, or other goals.
We compare offers from multiple lenders so you get a competitive rate. We’ll also help you understand break fees if you’re refinancing before your term ends. Call us for a quote and a clear picture of your savings.
Call us: +1 (905) 232-1259
Reasons to refinance
People refinance for many reasons: to get a lower rate and save on interest, to switch from variable to fixed (or the opposite), to shorten or extend their amortization, or to access equity for home improvements, debt consolidation, or other large expenses. We’ll help you decide if refinancing makes sense and calculate the impact of any prepayment penalties.
- • Lower your interest rate and monthly payment.
- • Switch between fixed and variable rates.
- • Access equity for renovations or debt consolidation.
How refinancing works
We shop your mortgage with multiple lenders and get you a rate and term. You’ll need to qualify (income, credit, property value). If you’re still in a term with your current lender, there may be a prepayment or break penalty—we’ll help you understand that cost and whether the new rate still saves you money overall. Once approved, the new lender pays out the old mortgage and you start making payments on the new one.
Things to consider
Refinancing can involve legal and appraisal fees, and possibly a penalty to leave your current lender early. We’ll give you an estimate of total costs and your new payment so you can see your net benefit. We’ll also explain options like porting your mortgage if you’re moving, so you have the full picture before you decide.
Get a refinance quote
Call us to see how much you could save by refinancing.
Call us: +1 (905) 232-1259