Refinance a home mortgage resource centre
wHAT'S RIGHT FOR ME. i WANT A refinance home MORTGAGE That SAVEs ME MONEY
Mortgage refinance financial tune up
When and when not to refinance a home mortgage? What is a refinancing your home mortgage and can I get 30 year mortgage in Canada? Welcome to the resource centre for homeowners in Ontario.
A mortgage refinance financial tune up can be a good money saving strategy. It gives you a chance to:
What is the maximum amortization period in Canada for refinancing a home mortgage? In Ontario, you can refinance a home mortgage up to 80% of appraised value and 30 year amortization is the longest amortization period Canada offers as of this writing in 2021.
A mortgage refinance financial tune up can be a good money saving strategy. It gives you a chance to:
- free up money from your home equity for any reason, as a home remodel loan improving your home, how to consolidate debt an how to become debt free refinancing your home mortgage ways to pay off debt,
- lower your cost of borrowing with your home owner loan when interest rates drop or,
- pay off mortgage early, the refinance a home mortgage benefits are endless.
What is the maximum amortization period in Canada for refinancing a home mortgage? In Ontario, you can refinance a home mortgage up to 80% of appraised value and 30 year amortization is the longest amortization period Canada offers as of this writing in 2021.
What is a mortgage refinance?
It is rewriting and renegotiating of your existing mortgage to access the equity in your home. Often, a mortgage refinance can get you a better deal for a new term. This could be better terms or a lower interest rate. Plus, you can cash out some equity for whatever you need. This is why we call it a mortgage refinance financial tune up to save you money.
For most people, the primary home is their most valuable asset. You have worked hard to build up your equity. It is nice to be living in a paid off home, or one with lots of equity, but if you are struggling with expensive debt or have other priorities for your money, it is better to unlock some of this equity to get the money you need.
For most people, the primary home is their most valuable asset. You have worked hard to build up your equity. It is nice to be living in a paid off home, or one with lots of equity, but if you are struggling with expensive debt or have other priorities for your money, it is better to unlock some of this equity to get the money you need.
We are your mortgage refinance resource centre
When you need mortgage refinancing Hamilton area or throughout Ontario, call (905) 537-8815 or apply online an we will get back to you within 24 hours.
UNLOCK MY HOME EQUITY! WHEN IS THE BEST TIME TO REFINANCE A HOME MORTGAGE?
Refinance your home help
The best time to refinance a home mortgage is when you want to cash out some home equity to take care of an important need or project for your money, such as improving your home, get a new car, pay for kids university and more.
Mortgage refinance is a financial tune up unlocking your home equity. Home mortgage loan refinance gives you the cheapest tax free cash you can get, to use for whatever you need and SAVE. You'll get mortgage refinance advice and options to consolidate debt or unlock money for any need such as improving your home.
Mortgage refinance is a financial tune up unlocking your home equity. Home mortgage loan refinance gives you the cheapest tax free cash you can get, to use for whatever you need and SAVE. You'll get mortgage refinance advice and options to consolidate debt or unlock money for any need such as improving your home.
Home mortgage loan refinance helpful advice
Do not carry debt outside of your mortgage, that is the best way to stay safe during housing market fluctuations, dips in the economy, job loss or other emergencies. Home mortgage loan refinance lets you use your home equity to keep the expensive debt at bay.
If you’re carrying expensive lines of credit or balances in cards, call us to get it all cleaned up refinancing a home mortgage. For many, your new interest rates and payments may be a lot lower, making your life much more comfortable. When is the ideal time for refinancing your home mortgage? Below suggestions are good in a perfect world, but I would not live by these if you have a need for tax free money now:
If you’re carrying expensive lines of credit or balances in cards, call us to get it all cleaned up refinancing a home mortgage. For many, your new interest rates and payments may be a lot lower, making your life much more comfortable. When is the ideal time for refinancing your home mortgage? Below suggestions are good in a perfect world, but I would not live by these if you have a need for tax free money now:
- many homeowners consider a refinance of mortgage towards the latter part of their existing term. Such a timing is ideal if you do not have an important need for money, as this will keep the amount of penalty to break the mortgage at a minimum,
- when you can save money by lowering your interest rate by refinancing a home mortgage,
- or, your current mortgage is close to maturity, interest rates are about to climb up and you want to lock into a new lower rate 5-year term.
cOUNT ON US FOR REFINANCE OF MORTGAGE MONEY SAVING TIPS
Now that you have decided to refinance your mortgage for a new term, here are a few refinance of mortgage money saving tips:
- Make your refinancing a home mortgage payments bi-weekly ACCELERATED instead of simple bi-weekly or monthly,
- Take advantage of your annual penalty free prepayment privileges. Most lenders offer 10% - 20% prepayment privilege to help you pay off your mortgage faster,
- How about increasing your regular bi-weekly accelerated payments by 10% - 20% whatever is offered by your mortgage lender,
- Some financial institutions even allow you to double up your payments,
- If you have a variable mortgage and the rate drops, keep the payments the same - this puts more money towards the principal amount of your mortgage. If the rates rise, increase your payments immediately so the difference in the rate is not eating away at your principal.
NEW TO HOME REFINANCE WITH BAD CREDIT? WE'VE GOT YOU COVERED
How to refinance your home with bad credit
From time to time, good people experience setbacks in their lives. Too much high monthly debt eats away at their cash flow and quality of life, making it difficult to keep up with monthly payments. If that is you, it is nothing to be ashamed of. You deserve bad credit mortgage help to rebuild financially.
While refinancing a home with bad credit can be a bit challenging, it can be done. Unfortunately, the banks will not offer you bad credit refinance mortgage help when you need it. But through our broker channel, you can get a bad credit mortgage in Ontario.
At Axcess Mortgage and Loans Financing we offer refinance of mortgage bad credit solutions, custom fit to you. Mortgage brokers bad credit have access to alternative mortgage lenders and private lenders that say YES, to get you money fast to use as you need.
While refinancing a home with bad credit can be a bit challenging, it can be done. Unfortunately, the banks will not offer you bad credit refinance mortgage help when you need it. But through our broker channel, you can get a bad credit mortgage in Ontario.
At Axcess Mortgage and Loans Financing we offer refinance of mortgage bad credit solutions, custom fit to you. Mortgage brokers bad credit have access to alternative mortgage lenders and private lenders that say YES, to get you money fast to use as you need.
Bad credit mortgage refinance advice and options
It is important to recognize that each situation is unique and demands its own home refinance bad credit strategy. Here are a few options:
How to get a mortgage with bad credit in Ontario? Contact us at (905) 537-8815 or apply online for mortgage refinancing Hamilton or throughout Ontario. Marie Copeland, Hamilton mortgage broker refinance mortgage bad credit in Ontario.
You can get more refinance mortgage bad credit information at our sub prime mortgage site www.mariecopeland.ca
- Bad credit home equity loan lenders commonly known as alternative mortgage lenders and private mortgage lenders provide refinance of mortgage options up to 80% of home value (up to 65% for rural and well and septic properties).
- Depending on your financial resume, property quality and location private mortgage lenders sometimes offer 2nd mortgages for the credit challenged up to 85% of appraised property value.
- If institutional alternative mortgage lenders turn you down, private hard money lenders in Ontario step up to the table to resolve serious credit problems with their own bad credit mortgage refinance solutions.
- Depending on the situation, sometimes it may be best to leave your existing 1st mortgage in place and resolve your money problems by cashing out some equity in your home using 2nd mortgage lenders in Ontario. Common use for second mortgages is debt consolidation, but you can use the money for whatever you need, from home renovations to buying a car.
How to get a mortgage with bad credit in Ontario? Contact us at (905) 537-8815 or apply online for mortgage refinancing Hamilton or throughout Ontario. Marie Copeland, Hamilton mortgage broker refinance mortgage bad credit in Ontario.
You can get more refinance mortgage bad credit information at our sub prime mortgage site www.mariecopeland.ca
ABOUT THE COST TO REFINANCE MORTGAGE
Often refinancing a home mortgage benefits far outweigh the cost concerns. If you have a good reason and need the cash; the cost to refinance a mortgage is less significant.
Let me offer you a few mortgage refinance thoughts:
Let me offer you a few mortgage refinance thoughts:
- Is there enough equity in the home that you can cash out tax free to solve your money problem?
- How is your present credit score and your employment situation?
- What will be the new interest rate? Will the new monthly payments outweigh the cost of the debts you are carrying now?
- Is the penalty to break your mortgage less than the benefits of a mortgage refinance over the new term?
Banks will not give you anything for free
Clients are often overwhelmed when they find out they must pay a large upfront penalty to get out of their mortgage, even if they get an exceptional deal elsewhere. Their bank forces them to stay by offering them a blended interest rate. Clients think that they are getting a good deal because they do not have to face a large upfront penalty which is added to their mortgage amount. So, they stay and often end up paying even more over the new term.
Do not get fooled into paying even more money. The banks will not give you anything for fee or do you any favours. They are in the business of making profits. There is no such thing as free money.
Our advice: Pay the penalty upfront and stop the damage from expensive credit which is/will cost you much more than the initial penalty.
Good or bad credit, if you are thinking about refinance a home mortgage to cash out some tax-free equity in your home and get the money you need, give us a call. Ask us how to qualify for mortgage refinance solutions to save you money.
Do not get fooled into paying even more money. The banks will not give you anything for fee or do you any favours. They are in the business of making profits. There is no such thing as free money.
Our advice: Pay the penalty upfront and stop the damage from expensive credit which is/will cost you much more than the initial penalty.
Good or bad credit, if you are thinking about refinance a home mortgage to cash out some tax-free equity in your home and get the money you need, give us a call. Ask us how to qualify for mortgage refinance solutions to save you money.
