Lower Your Debt, Boost Your Monthly Cash Flow, and Pay Your Mortgage Off Faster!
What does it mean to refinance your mortgage? Refinancing replaces your existing home loan with a new one that typically (with the help of a broker) offers better terms than the original. For example, refinancing is an option for homeowners who want to change loan programs from an adjustable-rate to fixed-rate, to lower monthly payments, to reduce their interest rate, remove private mortgage insurance, and more.
A refinance mortgage also provides a possibility to obtain cash to pay off debts (view more debt consolidation) or for renovation projects than can increase the market value of a given property. Given that home values have been rising in Winnipeg over the last year (2023) you may have enough equity in your home to do some pretty amazing things.
Interested in learning more about about refinancing? All that you need to do is give Ron Chan a call today at 204.290.9950.