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2 Feb

When Should You Refinance Your Mortgage?

General

Posted by: Peter Paley

Here are some of the top reasons why people refinance their mortgage.

  1. To consolidate high interest rate debt.
  2. To get a better mortgage rate and lower payment and interest costs
  3. Increase their mortgage amortization to lower their payment.
  4. Access home equity through a home equity line of credit.
  5. For the down payment of a new rental property or vacation property.
  6. To help with children’s university tuition.
  7. Before you change careers or start a new business.
  8. Home improvements.
  9. To pay off any personal or business Income Tax Arrears.
  10. To help elderly parents.

Reasons for refinancing are personal.   If you are looking to save money or make a major purchase we are here to help.

Contact us today.

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