Canadians today face many reasons to refinance their mortgage.
Have you been working diligently at improving your credit score to qualify for a new mortgage with a better discount? Do want to stabilize your payments by changing from a variable rate mortgage to a fixed-rate?
By refinancing up to 80% Loan to Value (LTV=Mortgage Amount/Appraised Property Value) you can pull out equity for consolidating debt, home improvements, investments, everyday expenses, children’s educational expenses, purchase a recreational property, gift a down-payment and much, much more.
Did you know with CMHC or Genworth’s Marital Home Buyout program qualified clients can refinance the home up to 95% of the value of the property?