Mortgage Refinancing Services
Refinancing your mortgage is a
great way to achieve a lower rate, consolidate debt or tap into the available equity in your home. You can use those funds to renovate your home, cover unexpected expenses, or invest in another property.
Ever since mortgage rates have lowered, more and more Canadians are considering refinancing their homes. With Home Credits, refinancing a home is easy.
What is Home Refinancing?
Home refinancing is the process of trading an existing mortgage loan for a mortgage loan that offers better rates and terms. As such, home financing can be very economically beneficial.
There are many reasons why homeowners may choose to refinance their home. For example, it can allow homeowners to reduce their interest rates and therefore reduce their monthly mortgage payments. This is among the leading reasons why homeowners choose to refinance their home; even 1% savings provides enough reason for homeowners to justify refinancing. Not only does refinancing allow homeowners to reduce their interest rate (and therefore their monthly payment), but it also allows them to increase the rate at which they build equity in their home.
Home refinancing can also give homeowners the opportunity to shorten their mortgage. For homeowners that change from a 30-year mortgage to a 15-year mortgage, homeowners can potentially save thousands of dollars over the course of their loan.
Home refinancing can also allow homeowners to convert from an adjustable-rate mortgage to a fixed-rate mortgage, giving homeowners the security of paying the same amount of interest over the course of the loan.
Some choose to refinance their home in order to tap into the equity of their home so that they can make a larger purchase. They may use these additional funds to renovate their home, buy another property, or cover unexpected expenses. Others refinance their home in order to consolidate their debt.
Home refinancing can be a great option for homeowners looking to improve their finances. If used carefully, home refinancing is also a great tool for homeowners to control their debt.
How Home Financing Works
If you are interested in home refinancing, speak to one of our licensed mortgage experts. Our mortgage expert will review your entire financial situation to determine which mortgage products fit best with your short and long term goals.
Even if you have poor credit, Home Credits can help, We work with alternative lenders to not only provide competitive rates, but to rehabilitate your credit and bring you back to prime interest rates.
Home Credits: Your Trusted Mortgage Company
Home Credits is a leading and trusted mortgage company, home to licensed mortgage professionals who want to help you make the best financial decision. On top of that, we also offer fast approvals and an easy, streamlined loan process.
Services We Offer
In addition to home refinance, we also offer:
Apply for a home refinancing in 30 seconds here and receive approval within 24-48 hours. We also offer free consultations, which you can request here. If you prefer, you can call us toll free at 1-888-777-9002
