Refinancing Your Mortgage
There’s Good Debt and Bad Debt
Mortgages generally qualify as good debt; they are usually available at the lowest possible rates, represent a good investment in a (typically) appreciating asset, and make home ownership possible. Bad debt saddles you with high interest rates – often on depreciating assets. High credit card debt is one of the worst kinds of debt and afflicts most Canadians at some point in their lives. But if you have equity in your home, then you have an opportunity to turn bad debt to good debt – by refinancing and rolling high-interest debt into your mortgage for big interest savings. One of our mortgage professionals can talk to you about refinancing at any time.
Often a new mortgage may be the best way to manage all of your debts. Moving your high-interest debt into a lower-rate mortgage is a great way to save on your overall interest costs, improve your cash flow, and begin the process of improving your credit rating. It’s a win-win situation.
Centum Regal Financial Corp. – Experts In Refinancing
Here at Centum Regal Financial Corp. we strive in helping our clients find suitable home loans. Mortgage brokers have relationships with multiple banks, financial institutions and private lenders, and while they don’t work for these institutions, they work with them to offer you a range of home loan alternatives.
If you are refinancing your mortgage to a new lender, a broker’s expert knowledge would help you find a better deal and help navigate the application process. Our licensed brokers can:
Help you compare cheaper interest rates to work out how much you can save
Find mortgages that match your needs
Help you through the application process with new loans
Advise you on how best to access your equity
Call us today for a free consultation. We’d be happy to review your personal financial situation and see how we can help.
We’d love to hear from you. Call us at 905-495-8116 or send us a message using the form below and we’ll get back to you as soon as we can.