The Law Office of Colina King
(416) 913-8000
  • Home
  • About Us
  • Real Estate
  • Immigration
    • Citizenship
    • Permanente Resident >
      • Spouse Sponsorship
      • Family Sponsorship
      • Provincial Nominee Programs (All Provinces)
      • Canadian Experience Class
      • Investor Program
      • Federal Skilled Worker
      • Quebec Skilled Pages
    • Temporary Resident >
      • LMO Labour Market Opinion
      • Work Permits and Extensions
      • Tourist Visas
      • Student Visa
  • More Services
    • Notary Public
    • Wills and Estates
    • Mortgage Refinancing
  • Contact Us
  • Disclaimer

Mortgage Refinancing

Use your home to finance long and short term goals.

There are many reasons why you might consider refinancing your mortgage:

·         To use your home equity for renovations, or large purchases
·         To consolidate debt
·         To take advantage of lower interest rates

But whatever your reasons refinancing offers a flexible solution to help you achieve what you want – right now, or in the future.

Use your home equity

 Using your home equity can be a lower cost way to borrow the money without taking out a traditional loan. You could use the money to:

·         Renovate
·         Take a vacation
·         Purchase a vehicle or recreational property
·         Take advantage of investment opportunities
·         Supplement your home energy use with power from renewable sources

 Take advantage of lower interest rates

When interest rates drop, many people consider refinancing to take advantage of the savings this can mean over the life of a mortgage. But there are some important points to keep in mind, the biggest of which is this:

·         Will you have to pay a mortgage pre-payment charge? A pre-payment charge is what you will have to pay for breaking the terms initially negotiated on your mortgage. This can be a large sum – and could mean you won’t really save money in the long run. If you’re considering this option, give us a call at (416) 913-8000.

 
Powered by Create your own unique website with customizable templates.