Refinance Your Mortgage with Assurance
Let us be your Guide
Refinancing means replacing your current mortgage with a new one often with better terms & conditions
The ideal time to refinance depends on your specific needs and circumstances. In some cases, it may be worth waiting until your mortgage comes up for renewal, as this allows you to avoid prepayment penalties typically charged when breaking a term early.
However, you can refinance at any time if the advantages—such as accessing additional funds or securing better options—outweigh the costs of ending your current contract.
In certain situations, your lender might offer a mid-term refinancing option known as a blend-and-extend. This can allow you to maintain a lower interest rate while adjusting your mortgage terms, although additional fees may apply.
Is Now the Right Time to Refinance?
Ask yourself the following questions:
- Are you thinking about buying a rental or income property and need extra funds for the down payment?
- Are you juggling multiple debt payments each month or only managing to make the minimum payments?
- Are your current creditors charging higher interest rates than today’s available mortgage rates?
- Do you wish you had more available cash to invest in stocks, bonds, or other financial opportunities?
If you said “yes” to any of the above, We are here to help by providing unbiased advice to find the right refinancing solution. Let us save you time, money, and unnecessary stress.
Need a more tailored approach? We have lenders more flexible than traditional banks and we can look at your overall financial picture to create mortgage solutions that work for you.
Book A Free Consultation.
You should get the best mortgage possible! Request a free consultation and we’ll handle the rest.
Benefits of Working with Us
For First-Time Buyers:
- Compare rates from top lenders to secure competitive deals.
- Use advanced tools to identify the lowest rates quickly.
- Access tailored advice from experienced local brokers
- Explore special programs designed for first-time buyers
For All Homebuyers:
- Access competitive rates tailored to your unique financial goals.
- Refinance with ease to reduce monthly payments or shorten your term.
- Leverage home equity to fund renovations, education, or investments.
- Enjoy a stress-free experience with our step-by-step guidance.
Over 30+ Top-Rated Lending Partners
More Lenders, More Options, Better Rates
We have a pool of home loan options that allow us to find you the most ideal solutions. Our team of experts’ research and negotiate on your behalf to secure the best outcomes.
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the next step?
Frequently asked questions
Consider refinancing if rates have dropped significantly since your last renewal, you want to access your home's equity for renovations or investments, you need to consolidate high-interest debt, or you want to change your mortgage terms. Generally, if you can save 0.5% or more on your rate and plan to stay in your home for 2+ years, refinancing may be worthwhile.
Most lenders require you to maintain at least 20% equity after refinancing (meaning you can borrow up to 80% of your home's current value). For debt consolidation, some lenders allow up to 85% loan-to-value. If your home has increased in value significantly since purchase, you may have more equity available than you realize
Refinancing costs typically include appraisal fees ($300-500), legal fees ($1,200-2,000), title insurance, and potentially a mortgage discharge fee from your current lender. If you're breaking your existing mortgage early, you may face prepayment penalties. We calculate whether the savings justify the costs before proceeding.
Yes, but your options may
be more limited than traditional employees with excellent credit. Self-employed borrowers may
need alternative documentation like bank statements or notice of assessments. Credit issues
might require alternative lenders with higher rates. We specialize in finding refinancing solutions
for non-traditional situations.
Refinancing typically takes 30-45 days from application to completion. The process includes application review, home appraisal, legal documentation, and final approval. If you're switching lenders, we coordinate the timing to ensure seamless transition. Having all documentation ready upfront can expedite the process.
Renewal means continuing with your current lender at the end of your term, usually with minimal paperwork. Refinancing involves getting a new mortgage, often with a different lender, which allows you to access equity, get better rates, or change terms. Refinancing requires full application and approval process, while renewal is typically automatic.
