Refinancing is a great way to help clean up credit card debts and other high-interest debts, or to pull equity out of your home to do renovations that will ultimately add value to your home or to purchase an investment property or a cottage.

Are your considering to consolidate debt, cut your interest rate or simply switch lenders, then refinancing will be a good option for you.

Are you struggling and are unable to manage your mortgage payments and would like to consolidate your debt? Then it might be time to consider financing your mortgage. Mortgage Refinance allows you to pay off your old home loan with a new loan that has better interest rates. This option can save you thousands of dollars and free up a bit of your income.

Some of the benefits of Refinancing your mortgage are as follows;

  1. Obtain better Mortgage Rates: Perhaps interest rates are going to rise and lower over the years, and taking advantage of low rates could end up saving you a quite of bit of money.
  2. Switching to a fix-rate mortgage or to an adjustable rate one. Could make sense depending on the rates and how long you plan to remain in your current home.
  3. Tapping equity or consolidating debit are many other reasons to refinance.

Just like any loan, there are guidelines for refinancing your mortgage. Every lender is different; however, most lenders will require you to have at least 20% equity in your home. The lender will take a look at your income and credit score to determine if you qualify.

This process can be overwhelming, but I am here and ready to help you in every step. As I said, I work with almost 200 different lenders and they are willing to see what your current situation is and see if they can help.

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