We are happy to help you with a mortgage refinance or to learn if this is the right option for your situation.
It is a wonderful thing to transform from being a tenant to owning your own home in Meaford, Ontario. Many feel it is worth it even if the mortgage terms weren’t exactly what you had hoped for. It may be that your mortgage is less than favourable yet helped you get your foot in the door (pun intended), so you never need to sign another lease document. The good news is that, after a period of time in which your payment history has been on point and your financial position may have improved, you can remedy the issue of an unfavourable mortgage with the process of applying for a mortgage refinance.
At Donna Mullen & Associates, we are happy to sit down with you to go over your situation to determine if you could benefit from a mortgage refinance and what you could gain in the process. Another reason to go forward with a mortgage refinance is if you have owned your home for several years and would like to pull out some of the equity to use for a renovation or other goals you have in mind. When there are favourable mortgage rates, it is also a great strategy to use a mortgage refinance as a debt consolidation tool to pay off credit accounts with higher interest rates.
If you would like to know more about how a mortgage refinance works or discuss if this option would be the best solution for your situation, reach out to us to schedule a free, no-obligation consultation. We work with a variety of lenders, so we can match you with the right option for your circumstances and negotiate the most favourable terms possible.