Refinance Mortgage

Looking to refinance your mortgage?

Refinancing is a process in which you pay off one or more existing debts with a new home loan. If you have good credit, refinancing is sometimes a good way to obtain a lower interest rate or to convert a variable rate loan to a fixed rate. Refinancing is particularly effective if you purchased your home when mortgage rates were higher.

If you have held your home mortgage for a good amount of time, most likely, you have signifantly reduced the principal of your loan which may mean that you will be able to finance a greater amount than you owe on your current mortgage loan. If this is the case, you can use the difference (cash), to pay for other needs.

 

Refinance rates are still quite favourable for many. This is the time to act if you are considering refinancing. Do not wait for mortgage rates to return to mid 90's rates.

We have partnered with top lenders to allow you to comparison shop for mortgage refinance rates. Fill out one fast, no obligation form and see up to four lenders.

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Should I refinance?

What is refinancing?

If you are able to refinance your mortgage with a lower interest rate then the one you currently have, you should be able to save significant money. An important factor to keep in mind is that if you are planning to move in the next two or three years, the savings due to lower interest rates may be offset by the costs that are often involved in refinancing. If you have excellent credit, you may be able to obtain a "no cost refinancing loan".