Mortgage Refinancing

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Mortgage Refinancing Made Easy

Make your home work for you with mortgage refinancing. Tap into the equity in your home to pay off debts, fund renovations, or add to other investments—all while saving money. Don't miss out on this incredible opportunity! Contact us today for more details.

Find out how much you could borrow!

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Terms & Conditions

I / We hereby certify that the information given in the mortgage application form is true and correct and I / We understand that it is being used to determine my/our credit responsibilities. CanadaLend Inc. is authorized to obtain any information they may require for these purposes from other sources (including, for example, credit bureau) and each such source is hereby authorized to provide them with such information.

I / We also understand that the information given in the mortgage application form as well as other information obtained in relation to my credit history may be disclosed to potential mortgage lenders, financial intermediary and mortgage in relation to insurers, organizations providing technological or other support services required this application and any other parties with whom I / We propose to have a financial relationship.

Mortgage Steps 

  1. 1

    Fill Out Our Online Application

    The first step is to fill out our online mortgage application, which allows us to quickly assess your financial situation and get you pre-approved for a mortgage.

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  1. 2

    The Finer Details

    We will consult your mortgage options with you, and will request income documentation and do a credit check to determine your eligibility for mortgage financing.

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  1. 3

    Verify Your Info and Sign

    we will guide you through the mortgage contract and walk you through any questions or concerns that you may have. After you provide any requested additional documents, simply sign the mortgage contract to finalize your approval.

What is a Mortgage Refinance

Mortgage refinancing is securing a new mortgage to replace your current one. Mortgage refinancing can help you achieve several goals, such as consolidating debt, home renovations and lowering your monthly payments by accessing up to 80% equity in your home. Mortgage refinancing typically involves securing a loan with a lower interest rate than your current mortgage. This can lead to significant savings over the life of the loan. Mortgage refinancing can also be used to access home equity. Home equity is the portion of your home's value you have paid off. You can use home equity to consolidate debt or make home improvements. Mortgage refinancing can also be used to lower your monthly payments. If you struggle to make your monthly mortgage payments, refinancing can give you some breathing room by reducing your payment amount. Mortgage refinancing is a big decision, so be sure to talk to us to see if it is the right choice for you.

Types of mortgages!

How to Qualify for a Mortgage Refinance

Qualifying for a refinance of your mortgage depends on several factors. Lenders will look at your credit history, employment history, and current income to determine your eligibility for a refinance. In addition, they will also consider the value of your home and the amount of equity you have in it. If you have equity, good credit, and a reliable income source, you should be able to qualify for a home refinance. Some lenders (B lenders and private lenders) can still work with you even if you have poor credit or are self-employed and don't declare much income. You can still get a loan if you have enough equity in your house.

Please speak to us to learn more about qualifying for a refinance.

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The Steps Involved in Refinancing Your Mortgage

When you refinance your mortgage, there are a few steps you'll need to take. First, you'll need to gather your income documents. We will use these documents to calculate your debt-to-income ratio, which is a critical factor in determining whether or not you qualify for a loan. You may also need to have your home appraised to get an accurate value for the property. This is especially important if you refinance with a cash-out option. In addition, your credit score will play a role in determining the interest rate you'll be offered on your loan.

After carefully considering these key components of refinancing your mortgage, you can take advantage of the many benefits. Be sure to talk to us today if you have questions about the steps involved in refinancing your mortgage. We can help make sure you get the best possible rate and terms for your financial situation.

The Benefits of Refinancing your Mortgage

For many homeowners, refinancing their mortgage can be a bit daunting. After all, it's a big financial decision. But there are some excellent reasons to refinance, and the benefits can be significant. So let's take a closer look at some of the key benefits of refinancing your mortgage:

  • Get Cash Out
If you have built up equity in your home, you may be able to get some money out when you refinance. This can be used for home improvements, debt consolidation, or other significant expenses.

  • Lower Monthly Payments
If your financial situation has changed since you originally got your mortgage, you may be able to lower your monthly payments by refinancing. This can free up some much-needed cash each month.
  • Save Money on Interest
One of the most common reasons to refinance is to save on interest. If you can get a lower interest rate on your new loan, you'll save money over the life of the loan.

  • Shorten the Loan's Term
Another great reason to refinance is to shorten the loan term. This will save you money in interest payments, and it will also help you pay off your home sooner.

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The Costs Associated with Refinancing your Mortgage

Many home buyers refinance their mortgages to take advantage of lower interest rates. While this can be an intelligent financial decision, knowing the costs associated with refinancing is essential. These costs can include an appraisal fee, a loan origination fee, and lawyer fees. In addition, you'll need to factor in the cost of any prepayment penalties that might apply. As a result, it's important to do your homework and calculate the potential savings from refinancing before you decide whether or not it's the right move for you.

We can help you weigh the costs and benefits of refinancing your mortgage so that you can make an informed decision. So contact us today to get started. With our help, you'll be able to determine if refinancing is the right move for your financial situation.

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How to Refinance with Bad Credit by Using a Private Lender

Many home buyers find themselves in the situation of having bad credit but still needing to refinance. One way to accomplish this is by using alternative and private lenders. There are a few steps to getting this process rolling. We will start by finding a lender who would be a good fit for you. We'll also need to assess your property's value to determine if it is sufficient collateral for the loan. Private loans might have a higher interest rate than traditional lenders, but it's still an option worth considering for those who need to refinance and have bad credit.

Alternative and private lenders can be helpful for people with bad credit who must refinance their home to reduce payments, draw on home equity, or improve their credit score and achieve financial freedom. However, it is crucial to understand the costs associated with refinancing and ensure that you are comfortable with them before you move forward. If you have any questions about this process, don't hesitate to reach out. We are here to help you every step of the way.

First time home buyer?

A mortgage refinance can be a great way to save money or free up some extra cash each month. By understanding the process and what is involved, you can decide whether refinancing your mortgage is the right move for you. We are committed to helping you find the best possible solution for your financial situation. Our team of experts is here to answer any questions and help guide you through the process. Contact us today if you have any questions about refinancing your mortgage. 
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Built on Trust

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Our Trusted Lenders

  • Alterna
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  • ICICI bank
  • Industrial Alliance
  • ING
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  • Meridian
  • Optimum
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  • Scotiabank
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