When it’s time to refinance your mortgage there are many options worth considering. It’s a fact most people just visit their current bank without considering the thousands of dollars they could save by obtaining the free advice from Mortgages for Women BC. We’ll help you choose the best mortgage at the lowest rate that’s best suited for your needs.
Consolidate Some Debt: with credit card debt at an all time high in Canada, it may be easier to refinance your home, pull out equity and pay off some of your unwanted payments. One easy mortgage payment is less costly than having credit card debt at much higher interest rates. Using your home equity to consolidate your debt is one of the best strategies to save thousands of dollars on interest costs.
Equity: Pulling Equity out of your home is a great way to secure a loan at a lower rate than credit card and finance companies. There are a few ways to utilize your existing equity: Home Equity Loan (Drawn against the equity in your home), Cash refinance (replace your existing mortgage with a new mortgage with a higher balance and receive cash ), Line of credit (allows you to borrow against your home when need be) or a Second Mortgage (uses the new mortgage as a guarantee against your property)
Whatever your refinancing needs, contact Mortgages For Women BC at 604-897-2212 to determine what is best suited for your situation.