Are you looking to access some of the equity built up in your property? Maybe you want to consolidate some debts, start a new business, buy a vacation or investment property. Regardless of your reasons for refinancing, I can discuss all your mortgage refinancing options with you! Sometimes it even makes sense to refinance your mortgage early to save money long term.
Frequently Asked Questions
What is a refinance?
If you currently own your own home, and want to extend your current amortization to reduce payments or access equity (cash) in your home for home renovations, consolidate debt, or invest in a new property, this is considered a refinance. Adding a Home Equity Line of Credit (HELOC) is another option. To qualify for a refinance, you can access up to 80% of the current appraised value of your home. Key considerations are the cost of breaking your new mortgage, interest rate, available equity, and your ability to qualify.
Is it really possible to refinance my existing mortgage to pay off some debt I have or to even buy a vacation home?