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Refinancing allows you to get a new mortgage to pay off existing debt and or pull out new funds to take advantage of lower rates and equity that has built up in your home.

The reasons for borrowing can be endless:

  • Debt consolidation or wanting a Home Equity Line of Credit (HELOC)
  • Home renovation
  • Once in a life time trip
  • Purchasing a condo in Florida
  • Purchasing an apartment for your child to stay in while at university

All of these are options may be available with the equity in your residence.

The equity in your home is likely the least expensive way to borrow money today. As the lender is securing your personal residence they will offer the best rates of any credit vehicle available. Whether it is a secured line of credit or a fixed rate mortgage, you can access up to 80% of your properties appraised value, less what you currently owe against it.

Refinancing allows access to up to 80% of your properties appraised value

So what can you use this equity for? Many of us have credit card and unsecured debts that have very high rates of interest with minimal interest only payments. A large credit card balance can be a daunting task to pay to zero. Take all those debts, wrap them into one payment with the shortest amortization as possible and you may be much further ahead.
I’m here to make sure that you get the right mortgage product and best rates to ensure that whatever you want to do with the equity in your home, the funds get to you on time and in a stress free manner.

For an online application Apply Now.

All personal information about yourself and your mortgage needs are sent through a SECURE SERVER. I will contact you within 24 hours to follow up and provide the best mortgage rates available for your needs.

If you would prefer to do an application “off line”, simply Download the Application, complete the application, sign it, and fax or scan it back to me.

Email address for Dan is dan@MortgageMoney.ca
Fax# to Dan Faubert 613-563-9898

If you would prefer to make an appointment, I would be more than happy to sit down with you to discuss your needs. I can take your information in person, and answer any questions you may have.

My direct cell# is 613-222-2624