Mortgage Refinance Offers Near Me

I stand ready to assist you when your mortgage comes up for renewal or for your own reasons you decide to refinance your mortgage. My role is to act as an industry expert on your behalf, shopping the whole market for the best mortgage rate and terms and making the banks compete for your business.  

Here are the basics of a Mortgage Refinance and what my clients ask me the most about so you will be seen as a respected and capable supporter of your family. I will go through them here.

What Does It Mean To Refinance A Mortgage?

The simplest way to define a Mortgage Refinance is as follows. An existing mortgage holder breaks this mortgage. They replace it with a new mortgage with a different interest rate and terms. 

Ideally, a successful Mortgage Refinance results in a better interest rate.

Typically the amount you borrow will be the same as before however a Mortgage Refinance is also an opportunity to consider borrowing additional equity from your home at lower interest rates for home improvements or consolidating debt.

When Is The Best Time To Refinance My Mortgage?

If there was a way to refinance your mortgage today and save thousands (even with paying the penalty) more between now and your approaching maturity…would you take 15 minutes to find out?

The best time to refinance your mortgage is when interest rates have dropped or your credit and/or financial situation has improved. 

The truth is you could be missing out! You could be paying thousands of dollars into the bank’s coffers that could be in your pocket. I help you with a no obligation assessment to see if this is the best time for you to refinance.

Can I Get Best Interest Rates For My Mortgage Refinance?

I have access to all the major lenders for mortgages including the banks, credit unions, trust companies, and the Mortgage Finance companies. Getting you the best rate for your refinance is my passion.

Interest rates for refinancing are different than for purchasing a home. There is also an often overlooked discussion point regarding if you have pre-existing CMHC insurance that is taking the risk off of your bank and putting it on the insurer…providing access to lower rates than otherwise. 

Getting the best interest rate on a Mortgage Refinance entails looking at your credit score, debt service ratios, and your loan to value. Once I know this information I can quickly advise as to your best rate.

Using A Mortgage Refinance Calculator – Is It Worth It?

In searching for a simple and useful Mortgage Refinance Calculator, the results are usually misleading or the calculator adds information that isn’t necessary and confusing.

Cutting through the thinly disguised info grab or the data overload available out there…we can level a simple method that you can take to the bank (or better yet your friendly neighborhood Mortgage Broker). 

At the end of the day, you simply need to take the cost of refinancing your mortgage and divide it into the amount you will save per month. This will let you know, based on your new mortgage term, whether this will be worthwhile or not.

The beauty of making these calculations is that they are relatively simple (once you have the appropriate data). The harder part is in getting the accurate answers in order to make the calculation. I help get you the answers and make it easy along the way.

Mortgage Renewal VS Refinance – FAQs & Answers

So you have received a renewal letter in the mail from your bank and are wondering if it is just a checklist item (like put out the garbage) and get back to Netflix? Um…no.

Would it surprise you to discover that the majority of bank mortgage mortgage holders renew at their maturity without even looking to see if they can get a better offer? 

You have a choice to make at this time. And you need to know that the bank won’t tell you if it is advantageous to complete a Mortgage Refinance, even if that is a better choice for you at this time. 

I answer this and some of the other frequently asked questions regarding renewing or refinancing your mortgage at maturity.

Helping You In Ontario with Your Mortgage Refinance Offers

I can help you anywhere in Ontario with your Mortgage Refinance. My lender network can be used anywhere you are in Ontario. If you’re in the GTA or as far north as Huntsville/North Bay, I can meet with you in person.

If you’re further away, we can have a phone call and do everything we need to by email. Here is some information on meeting me in Brampton, Mississauga, Toronto, Barrie.

So what is at stake when it comes to taking your banker’s advice and just signing the dotted line at renewal? Or in not getting a second opinion on if you could save thousands by refinancing your mortgage today?

Working longer to pay down the mortgage than necessary?…Overpaying on your mortgage needlessly?…The possible regret of not seizing a time sensitive opportunity to lower your monthly payments?

No, that’s not how your story ends. Now is the time to take back control of your finances and become the hero one more time. 

Contact me today and let’s get you the Mortgage Refinance you need. Your family’s gratitude is worth it!