Current Homeowners

Is your mortgage working for you?

  • Easy Renewal Process

  • Refinance Options

  • Home Renovations

  • Pay Less Interest

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It's all about Equity

Canadian mortgages vary based on their loan-to-value, simply put, the current mortgage balance over the home's current value.

The home is the asset that secures the mortgage loan. The more that is owed relative to its value will dictate what type of mortgage needed.

In the eyes of the bank, it's all about risk. Among other variables, such as Credit Scores Income, and debt, the main factor is the property loan-to-value.

This is where the National Housing Act allows for a purchase with a lower down payment, as low as 5% of the purchase price. To achieve this, the mortgage must be insured to alleviate the risk from the bank, with the insurance premium passed onto the homeowner.

Over time, as you make regular payments, the mortgage balance decreases and the home's equity increases. When the loan-to-value drops below 80%, then we look at tapping into this equity. After all, this is the smartest way to borrow, meaning it has the lowest cost or less interest paid.

Renewing

Renewing your mortgage is an opportune time to reassess your needs and ensure the mortgage is working for you and not the lender. Rate is the easy part, but not all mortgages are created equal. Let's look at the whole picture, adapting the term, payments, and privileges to your advantage.

No Cost

There is no cost when renewing your mortgage. The goal is to put more money back in your pocket.

Save Money

Renewing early may save you thousands. With current market rates, it may be advantageous to renew early at a great rate.

Pay Down Faster

Let us show you how you can pay your mortgage quicker and be debt-free!

Expert Advice

Get expert, unbiased advice. We do not work for the bank. We work for you for free!

More Options

We do all the homework for you, comparing all the major lenders and securing a mortgage that fits your needs.

Easy & Convenient

We make the renewal process easy. Online, over the phone or in person, with flexible availability.

TAP Into YOuR Home's Equity

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.

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Refinance
A New Mortgage

Refinancing is a great way to consolidate debts and access funds with the lowest cost of borrowing. Access up to 80% of your home's equity for projects like:

  • Debt Consolidation

  • Increase Cash Flow

  • Lower Cost of Borrowing

  • Access Funds for Large Projects

  • Ideal for Home Renovations

  • Reinvest for Retirement

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HELOC
Home Equity Line of Credit

Similar to refinancing, a HELOC will allow access up to 80% of your home's equity but through a line of credit. This is great way to access funds when you need them. For example:

  • Home Renovations

  • Large Purchases

  • Educational Expenses

  • Second Home Purchase

  • Emergencies

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Reverse Mortgage
Senior Living

A Reverse Mortgage lets you remain in your home and access up to 55% of your home’s value to finance your retirement.

  • Fro Canadians 55 and Over

  • Tax-Free

  • No Monthly Mortgage Payments

  • Maintain Home Ownership

  • Higher Down Payment Required

  • Pay-off Existing Debts

  • Maintain Lifestyle

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