Refinancing Your Mortgage

There are many reasons you may be looking at refinancing your mortgage. You may want to keep your mortgage balance the same and simply take advantage of today's low rates.  Or you may wish to consolidate debts, make improvements to your home or garden, purchase a vacation home or investment property or top up your RRSP's etc? Let me negotiate with your current lender or switch to a new lender who will give you a better rate or product for you.

Example of how a refinance
I can Save you money!

Current Mortgage:
$225,000 @ 6.5% 5 year term,  25 year amortization
Monthly payment  $ 1,507
Interest paid over 5 years $68,950 

New Mortgage:
$250,000 @ 4.90% 5 year term, 25 year amortization
Monthly Payment  $ 1,440
Interest paid over 5 years $57,308
 
( rates subject to change)