Are you thinking about refinancing your mortgage?
If you are thinking about refinancing your mortgage, you are among a vast number of Canadians faced with a similar situation. It boils down to finding answers to some fundamental questions:
- Does it make sense for my situation?
- Do I have enough home equity to make it worth while?
- Is now the time, or should I wait?
These questions are well-founded and should always be approached cautiously. Canadians today face a variety of reasons to refinance their mortgage so that they can move forward in the right direction. Whether your mortgage no longer satisfies your needs, you want to stabilize your payments by changing from a variable rate to a fixed-rate mortgage or your credit score has improved and you now qualify for a better interest rate, refinancing your mortgage can lead to significant cost savings but only when done right. Refinancing is also a good option to pull out equity for home improvements, investments, college expenses, and more.
Is Mortgage Refinancing Right For Me?
Mortgage refinancing can be complicated and there are many pros and cons. There are some key factors to consider before deciding whether it’s the right time to make a move. To find out if a mortgage refinance is right for you, get in touch with our Mortgage Brokers using the details provided below.
Get in TouchGive us a call today at 1-866-890-5227 to speak with one of our Dominion Lending experts or use our form through the button at the bottom of the page.
