Refinancing is one of the most popular mortgage products available. It involves breaking your current mortgage and setting up an entirely new mortgage in your name against the same property but not necessarily with your current lender and not necessarily with your current interest rate. Mortgage refinancing can be used for;
Equity Take Out - Take some money for renovations,
Changing to a better interest rate
Changing from Fixed Mortgage Interest Rate to Variable Mortgage Interest Rate or vice versa
Changing to the new lender
Kids school tuitions,
We will be happy to help you determine which product is best for you. Contact Susie for a personal and confidential, no obligation, consultation.
Welcome to our world - Where mortgages are only the beginning!
Mortgage Alliance, 1200 Derry Rd, Suite 22