Should I Use a Mortgage Broker to Refinance in Winnipeg?

March 7, 2024 | Posted by: Ron Chan

Should I Use a Mortgage Broker to Refinance Winnipeg

Refinancing a mortgage replaces an existing home loan. A homeowner desires refinancing to get better terms than the original. While this improvement is generally in reference to interest rates, you realize that given the recent state of the economy that this could prove to be a challenge. However, improved interest rates aren’t the only motivation to seek refinancing on your Winnipeg property. You may also (or instead) desire to change your loan program from an adjustable-rate to fixed-rate, to remove private mortgage insurance, or more. Possibly all of the above. Whatever the case may be, you fear that you may face an uphill battle with your lender, which is why you’re wondering “Should I use a mortgage broker to refinance?”. Good question. Allow us to clear your query up quickly - YES, you absolutely should. Call 204.290.9950 right away to find out about the benefits, or read ahead first for more information.

Direct Benefits of Using a Mortgage Broker to Manage the Refinancing of Your Winnipeg MB Mortgage

Greatly Increases Your Odds of Refinancing Terms You Want

Every bank, credit union, or other financial institution that provides home loans has different rules regarding mortgage refinancing. Logically, better terms are offered to property investors who have purchased more than one house/condo and have been in good standing from the beginning of their relationship with the lender. Refinancing is more challenging for first time homebuyers. This is where a professional mortgage broker comes in.

Winnipeg mortgage broker Ron Chan specializes in mortgage refinancing. Through the years as a loyal member of the Winnipeg Manitoba community, Ron has developed relationships with Manitoba’s banks, credit unions, and all other types of lenders. As a result, his clients (yourself soon-to-be included) benefit from these relationships. Ron will go to bat for you if you want to refinance your mortgage with the same lender that currently holds your home loan. However, he will also negotiate with other lenders, including alternative or private lenders, to confirm that there are better options (interest rates, etc.) available which will increase your negotiation power. 

Here are refinancing terms that Ron Chan can help you do better on (as applicable and viable):

- Provision access to lower interest rates

- Lower monthly mortgage payments

- Switch from variable to fixed rate (or vice versa)

- Remove mortgage insurance

- Leverage refinancing for debt consolidation

Even better, is that there is no cost to you to work with Ron. His “rate” is passed on to the lender instead. To reiterate, Ron will examine options and negotiate with your bank AND other institutions. The odds of getting a mortgage refinancing that benefits YOU are far better with Ron Chan.


Winnipeg Homeowners

CALL: 204.290.9950

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