REFINANCE/EQUITY TAKEOUT

If you need access to funds, your answer may be to unlock some of your home equity, giving you access to credit at rates that are generally lower than other forms of borrowing.

One of the primary reasons for refinancing is to deal with too much high-interest credit card debt that has become overwhelming. Rolling that that debt into your mortgage can often give you a tremendous financial boost – you can greatly improve monthly cash flow, save thousands in interest by moving to a lower overall interest rate, eliminate the stress of multiple debt payments, and be mortgage-free quicker.

There are many other reasons it makes good financial sense to tap into home equity. Some popular reasons include:

• Home renovations that improve your home’s market value
• For investing or a large RRSP contribution.
• Postsecondary education.
• Large upcoming expense i.e. wedding, new car, medical expenses, care for an elderly family member
• New business or self-employment.
• Purchase an investment property
• To create a financial buffer for future needs.
• Retirement planning i.e. to supplement income, freedom to travel, home care, medical expenses, pay for ongoing bills like property taxes.

I can advise how much equity you can leverage, and what your monthly payments would be. You may be surprised at how the power of your home equity can help you achieve your goals and long-term financial security.

Refinancing out of a high-rate mortgage
Is your current mortgage at a much higher than market rates because you had bruised credit when you went through the application process? I can help you work towards improving your credit so you can eventually achieve a low market rate mortgage, which could save your thousands over time.

If you currently have a high-rate mortgage and live in New Tecumseth, Barrie, Bradford or the surrounding areas, then let’s talk. I have helped hundreds improve their credit and move into a much lower rate mortgage, often in just two years!