Mortgage Blog

If you are looking for extra funds for improving your home, investment or education purpose, you want to make down payment for rental property and you want consolidate your debts into one so, you can lower interest rate from credit card.  

Refinancing your mortgage can help you to get things done. It is one-time payment and low interest rate (compare to other credit card and personal loan).  

How Refinance work?  

You can access your home equity that you have built. You can borrow amount depending on your home equity. In refinance, whatever amount you want to withdraw can be added with mortgage monthly payment in one payment. It also means you are breaking the mortgage. It can be either with same lender or different lender.  

You have to requalify for the mortgage and also through federal stress test as well except if you are applying for private mortgage.  

Benefits of Refinance  

Debt Consolidation: - You can get much lower interest rate than credit card and also you can consolidate your debts into one.  

Home Renovation: - You can increase value of the property by home renovation 

Invest in Real estate: - you can invest in real estate and build rental income.  

Pay tuition fees: - You can pay tuition fees for your children  

Amortization: - you can extend amortization period and lower monthly mortgage payment by spreading.  

 
If you are looking to refinance your mortgage contact me and i can give you lowest rate possible. 

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