If you are looking to take equity out of your home for a large project, lower your interest rate or consolidate debts to save on interest, refinancing could be the right option. As a mortgage broker, I will assess your mortgage needs to determine the best product for you. Just look at some of the various mortgages we have available.
Accessing your homes equity is a smart way to borrow. A new negotiated mortgage replaces your existing mortgage with additional funds being added to consolidate debt or fund other large projects. This creates a single payment and takes advantage of your low mortgage rate.
of your homes appraised value