How can you benefit from refinancing your current mortgage?

Refinancing allows you to access up to 80% of the equity in your home. Here are a few examples of what you can use the funds for.

  • Renovate your home: Always wanted to have that dream kitchen? Use the funds to renovate your home and increase the value of your home
  • Pay off Debt: Most debt is at a much higher interest rate than your mortgage, so you have the opportunity to consolidate into a single payment. This could save you hundreds of dollars in interest savings. 
  • Improve Credit Score: Has your credit score been driven down because of high debt? Refinancing your mortgage and paying off those debts with the funds may help improve it.
  • Improve cash flow: By refinancing you can extend the amortization on your mortgage, lowering your monthly payments.
  • Help your children: Use the funds to pay for your children's education or provide them with a down payment to purchase a home.
  • Better interest rate: Did you originally get your mortgage at a time of higher interest rates? You may be able to take advantage of current lower rates

 

Contact me or fill out the form below for a free consultation to see if refinancing is right for you.

Ready to start the process? Click here for a secure, online application.

Tom Williams

Mortgage Agent

Email: tom@mymortgagewithtom.com
Cell: 905-464-4389

Address

1100 Burloak Drive, Suite 300
Burlington , ON
L7L 6B2, Canada

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