Refinance

Refinancing pays off your existing mortgage or any other legal claims, then provides a brand new mortgage. Expert Mortgage offers has the skills you require to refinance your Canadian mortgage.

Mortgage Management

If the current rates are lower than when you received your initial mortgage you could save a great deal of money by refinancing. We can show you an easy way to understand calculation that allows you to make the best choice.

Taking the time to review your mortgage is recommended annually. Canadians are spending countless dollars on mortgages that desperately need a money saving update.

Financing to Buy Investments:
Putting the equity in your home into action will allow you to have more control of your investments. If you have debt elsewhere we can help tap into your home’s financial reservoir and allow you to save money.

Financing the Purchase of an Investment Property:
Taking the equity out of your property through refinancing can open many other investment opportunities, like a second home. Additional interest deductions become available through this process.

Financing Education:
Education costs are increasing every year causing many parents to struggle to give their children the best opportunities. Home equity can allow you to give that extra little bit of support that will make a world of difference during your children’s formative years.

Financing a Renovation:
Home renovations coat a lot of money, often with surprise costs along the way. Paying through a mortgage could be a less painful and cheaper way that using an existing loan or line of credit.

Debt Consolidation:
Debt consolidation will allow you to take control of your financial situation and make an effective plan for the future. This process will lower your monthly payments and reduce a great deal of stress and uncertainty. Our mortgage specialists can take a look at your debt and make an informed recommendation.

Refinance Two Mortgages With One Mortgage:
If you have two mortgages on the same property such as a mortgage and a secured credit line, you can combine them into a new first mortgage providing the total amount does not exceed 90% of the property’s value. If the new mortgage is over 80% of the property value, normal hi-ratio insurance (CMHC/GE Capital premiums) and guidelines apply. This can streamline cash flow and/or access funds from the equity for personal use or investing.

Costs Related to Refinancing:
You should review your mortgage on a regular basis and keep up with new products and offers that are available – there may be hundreds of dollars in monthly cash flow you are missing. When you break a closed mortgage contract to obtain a new mortgage, you are generally faced with a prepayment cost by the  financial institution. Typically, this prepayment charge is based on the greater amount of either 3 months’ interest or the interest rate differential (IRD). We would not only be happy to help you calculate this, but also happy to show you ways to minimize this cost.

WHAT PEOPLE ARE SAYING…

  • “I can’t say enough how great your company has been. Matthew, thank you so much for making all of this process so easy for us. Our bank would not help us and you were amazing. Your company kept us informed every step of the way, and not once were we made to feel inferior like our bank did. The lawyers you set us up with were also awesome. I will highly recommend your company to anyone looking for mortgages. Thank you so much for getting creditors off or back and setting us on the right track. You guys are all amazing. I’m also so impressed that you came to us do to everything.”

    KKP, HAMILTON
  • “I just want to say ‘thank you’ to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now Expert Mortgage has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.”

    M.D, Mississauga, ON
  • “The bank would not lend money on our farm unless we showed them financial statements. Since my husband passed away, my son and I were struggling to keep the farm afloat. We just needed more time. The third mortgage you got us was the miracle we needed. You believed in us and we are so grateful. Thank you.”

    S.E. Orono, ON
  • “My pig farm always made good profit but last year was brutal for the whole industry. I fell behind on my mortgage. I showed FCC that my loss was just a temporary blip and asked them to give me some leeway but they started a foreclosure anyway. Thanks for getting me that private loan to buy me some time until I’m profitable again.”

    K.O., Hawkesbury, ON
  • “My ex-wife’s lawyer gave me 30 days to buy out her half of our house or have it put up for sale. I had no job and I was in bankruptcy. My bank manager laughed at me. I thought it was hopeless until I saw your flyer. I don’t know how you qualified me for the mortgage. You’re a miracle worker. Thank you!”

    J.R. Burlington, ON
  • “We were 6 months behind on our mortgage and the Sheriff was coming in 5 days to lock us out of our home. Every other mortgage broker said NO! I can’t believe you were able to get us a second mortgage that fast. You saved our home and I will refer everyone I know to you.”

    C.C., Oshawa, ON
  • “The bank refused to value my property based on all 211 acres. They said that their ‘rules’ limited it to 5 acres. Personally, I think that’s biased against farmers. I didn’t know that you had lenders who would value my property on all the acres. I finally got a large enough loan to tie all my debt into one payment. Thanks!”

    C.R., New Dundee, ON
  • “Every time I’d walk into a bank and say the word ‘farm’ the suit on the other side of the desk would look at me like I was from another planet! They had one agricultural ‘specialist’ for the area that was not much better. Then I went to 4 mortgage brokers before I stumbled on your company. Your rates were lower than the bank.”

    M.D., Bradford, ON
  • “Our credit was destroyed after we had a bad year. We needed to expand our facility. I explained to the bank that the expansion would make us profitable. I proved it on paper. They still declined us. I never heard of your ‘no questions asked’ private loans but you gave me $500,000 with no paperwork. That was a Godsend. My wife and I appreciate it from the bottom of our hearts and we won’t let you down.”

    R.Q., Woodville, ON
  • “Once again, a big thank you for arranging our new mortgage and being able to arrange for additional funds on closing. Matthew has worked hard for me over the last few years… I have a very high level of trust in Matthew and Expert Mortgage, and will surely recommend you to anyone I know who is in need. Thank You.”

    M.Z. Brantford, ON