Refinancing your mortgage is a great strategy for a variety of reasons. Maybe you are looking for a better interest rate. Perhaps you want to extend your amortization back out to make your payments smaller? Whatever the reason refinancing is where it's at!
What You Need to Know...
When you refinance your mortgage, you need to re-qualify under the current rates and regulations; which likely changed since you last did your application. But don't worry, you don't need to know the ins & outs of those changes...that's MY job!
The most you can request on a refinance is up to 80% of the value of your home.
Reasons you may want to refinance:
You want to leverage large increases in your property's value
You want to take equity out of the home for improvements or renovations
You are looking to consolidate higher interest debts like credit cards, loans or lines of credit
You have kids heading off to post-secondary school
You're going through a marital breakdown
You want to get a better interest rate
Whatever your reason, I'll work with you to find the right solution for you!