Refinance Mortgages

...its easier than you think!!

Consider using the equity in your home to fulfill your needs...

Fast, Safe, Secure Online Mortgage Application
Mortgage pre approvals for Canada
Canadian Mortgage Application by Fax

You can refinance to up to 100% of the current value of your home, lower your monthly debt payments and give yourself some breathing room.

A quick mortgage refinance will allow you to move on with life. The time between application, approval, appraisal and loan closing can be as quick as 2 weeks

Cash in your pocket and creditors off your back.

At MoneySearch.ca we deal with Canada's major banks and trust companies as well as some private lenders for those difficult situations. 

We negotiate mortgages for clients on a daily basis.  It is all that we do!  By shopping the banks daily, we know where to take your mortgage for the best rate and terms.  You won't have to speak to the bank, we do it for you so refinancing is easy.

A quick story for you...

Recently we had a client approach us with three mortgages and $30,000 in credit card debt. All the payments added up to $2,500 per month. These payments were being made from after tax dollars. In other words, these clients had to earn $40,000 per year just to pay these debts not including all their other living expenses.

This placed an awful burden on the family resources from a financial point of view not to mention the burden on a personal and emotional level. All debts added up to $128,000 and they owned a home with a value of $140,000.

We were successful in combining all their debts into one new mortgage at a low monthly payment of $975, a savings of $1,525.00 per month. Their local bank branch offered them a new line of credit to consolidate these debts but when we looked at the math refinancing the mortgage was the best solution!

Needless to say these clients were very happy with the results and felt that a burden was lifted off their shoulders. They are now able to concentrate on savings for their retirement by contributing to their RRSP and using the tax refund to pay down their mortgage.

Best of all this service was provided free of charge as we were paid by the lender. Every financial situation is different.  Take our experience and find a solution for you.

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Many people with existing mortgages decide to refinance in order to pay off existing mortgages and get a lower rate or to take advantage of the equity in their homes. Interest rates are presently at an all-time low and people want to refinance in order to receive the low interest rates. This seems to be a normal practice among homeowners today.

In large provinces such as Ontario, the cost of buying a new home is very expensive. Finding the best interest rate is important in order to secure a fair monthly payment and insure the home is paid off faster. Although these homes are expensive, people are buying into the market daily. For those who’ve owned their home for awhile and would like to do renovations, refinancing their Ontario mortgage is their best option. Refinancing their Ontario mortgage will allow them to pay off their existing mortgage, get a lower interest rate and do their renovations.

For people with older homes in peak locations, refinancing their Ontario mortgage would be to their advantage if ever deciding to sell. Many areas of Ontario like Toronto of course, are flourishing economically. Toronto is a place where many people would like to live and are willing to pay for a home. To refinance an Ontario mortgage might mean making a whole lot of money on a piece of property in the future. If an individual were to refinance their Ontario mortgage on an older home in Toronto to renovate, in the future this decision might mean enough money for retirement.

To refinance an Ontario mortgage, a person might be reluctant thinking they’re borrowing more money instead of paying off what they borrowed. This is not the case, especially today with the low interest rates. If an individual were to refinance an Ontario mortgage, they’d be surprised at what they have to gain. With the equity that has accumulated and the low interest rates, they may be able to renovate and their monthly mortgage payment remain the same. There are many options when considering refinancing an Ontario mortgage. It pays the homeowner to do their homework, explore their options, check out the interest rates and the different Ontario mortgages offered at various banks or financial institutions. Refinancing an Ontario mortgage is a big decision, not one to be taken lightly but if the individual decides to refinance their Ontario mortgage, it is sure to pay off in the future.