You have an existing mortgage on your property in Toronto, and for any number of reasons, now you’re considering breaking that mortgage and starting a new one. Depending on how much time is left on your term, there may be a prepayment penalty to break out early. This is why one of the most important steps when you are refinancing your home, is crunching the numbers to be absolutely sure it makes sense.
In a debt consolidation refinance, you break your existing mortgage, start a new one with additional funds that are used to pay off all your other debts. Then you focus on paying down one, secured and low-interest loan: your mortgage.
Any time you obtain a loan on your property in order to take out equity for another purpose, it’s called an equity take out mortgage or an equity loan. Maybe you have a number of home repairs whose costs are eating into your cash flow. Or perhaps you’ve decided to put a down payment on a vacation property for you and your family.
Whatever your reason, consider a refinance that lets you capitalize on the accumulated equity in your home for use in other areas of your life.
When you say, “refinance my mortgage”, we say, “you’re in good hands”. With solid lender relationships across the board, we’re able to offer industry-best refinance mortgage rates. Couple this with our efficient process and creative financing solutions, and what you’re left with is the perfect mortgage refinance secured exclusively for you.
Head Office
8Twelve Mortgage Corp
(ON License #13072)
45 Sheppard Ave East, Suite 211,
Toronto, Ontario, Canada
M2N 5W9
Locations
Corporate Phone & Fax
1.877.812.8128 (Toll Free)
Sales Phone & Fax
1.877.812.8128 (Toll Free)
1.416.800.1052 (Local)
Email
info@8twelve.mortgage
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