Refinance Your Mortgage Loan
Refinance your mortgage or use your home equity
Need money for a big purchase? Want to change the terms of your mortgage? Find out if refinancing your mortgage or using your home equity is right for you.
#1 Rated Mortgage Refinance Broker in Mississauga, Brampton & Caledon
The home of your dreams is your to stay but why not find better terms? All you need is the better mortgage rates.
Understanding the Refinance Mortgage Process
6 Simple Steps to new lower rates which is extremely valuable in the competitive Peel Region of Ontario.
Step #1: Speak with a Mortgage Broker.
Step #2: Get your documents & we help prepare your application.
Step #3: We will arrange a Property Valuation.
Step #4: We negotiate better mortgage rate
Step #5: Sign your loan documents.
Step #6: Settlement - pay as per new loan rates
Closing on a refinance is like closing on a purchase loan, with one main difference: This time you already have the keys to your home.
As a first-time home buyer you have access to some great incentives, tax credits and resources to help you turn your home-ownership dream into reality. To know your options speak to our Mortgage Broker today.
What are the Benefits of Refinancing?
Get a lower interest rate compared to before
Consolidate your debt & feel in peace
Improve terms & interest of mortgage
Tap into your home equity & invest
Mortgage Refinance Broker Who Helps You Every Way
Over the years since you purchased your home, there may have been many changes. Interest rates may have risen and fallen. Your income may have adjusted upward or downward. Your goals may have changed.
With enough changes, your original mortgage may no longer be ideal. But by refinancing, you may be able to save money and better meet your goals.
When you refinance your home, here are some of the advantages that you can potentially look forward to:
You might qualify for a more competitive interest rate, saving money every month.
You can switch to a longer or shorter loan term, or between a fixed and adjustable interest rate.
It might be possible to renegotiate certain mortgage terms or even change from one type of mortgage to another.
Get Help From Professional Mortgage Refinance Brokers in Peel - Mississauga Brampton & Caledon!
Is It the Right Time to Refinance your Home or Commercial Mortgage?
There are many different situations where a refinance could be the right move. Following are just a few examples:
Are you on a fixed interest rate which is now higher than the going market rate? A refinance today could bring that interest rate down to one which is competitive today.
Are you on an adjustable interest rate which is ballooning? If you want to put a hold on the process and give yourself more financial stability, you could adjust to a fixed interest rate by refinancing.
Are you just barely paying your monthly bills with nothing left over for savings? If you are in a situation where your income has decreased, you can refinance to give yourself more years to pay off your loan, resulting in lower monthly payment requirements.
Do you want to pay off your mortgage early? One way to potentially get around prepayment penalties is to reduce your loan term through refinance. In some situations, this may be less expensive than paying the penalties.
Do you want to stop paying for PMI? If your current type of loan is one which requires PMI payments but you might now qualify for a different type of loan which does not, a refinance can save you quite a bit of money every month.
Has your borrower profile improved? If you have had improvements to your income, DTI ratio or credit score, refinancing now could give you access to a more competitive mortgage overall.
Do you want to consolidate your loans? Refinancing may be your ticket to streamlining your monthly payments and reducing your overall interest.
Why Refinance Your Mortgage Through Peel Mortgage Broker?
Here are a few reasons to choose us for your home purchase mortgage needs:
We have two decades of experience connecting customers with home purchase loans. With our knowledge and connections, we can bring you a huge selection of lending products and a solution to every obstacle.
We don’t turn customers away because of challenges like self-employment or low credit. We will tirelessly work to bring you an affordable mortgage that helps you buy the home you love right away.
Whether you are buying your first home or your next home, we will work patiently with you, answering all of your questions so that you can purchase with confidence.
What is a mortgage refinance?
What happens when you refinance a mortgage?
Should I Refinance into another 30-year loan?
Apply to Refinance Now
Don’t wait any longer to find out what a refinance can do for you. The sooner you refinance to a more competitive mortgage, the more money you can save. To find out if you qualify and how a refinance works, please call to schedule your free, no obligation consultation.