Why Refinance???

Mortgage refinancing can provide various benefits, depending on the individual. Refinancing is usually done for two general reasons: to reduce debt or to be able to borrow more for investment purposes. Below are the most common reasons for refinancing a mortgage:

To reduce monthly payments
To reduce, or alter, risk
To consolidate debts
To take advantage of lower interest rates
To take equity out of your home for:
Education
Home Renovations
Investments
Retirement Planning
To purchase second properties



The mortgage industry is constantly changing. For that reason it is very important for you to re-evaluate your current mortgage on an annual basis. The market is continually changing and new products are being introduced all the time, so what may have been a perfect fit a short time ago may not be today. If current interest rates or other mortgage variables have changed since your original mortgage you should compare the costs of refinancing to the amount of money you could save. However, if the costs of refinancing, such as penalties, outweigh possible savings it is better to stay with your current mortgage.


Call us today to schedule your free TUNE UP appointment. Let us help your investment work for you. Call today at 416-410-6663.