If your monthly bills have gotten out of control, you might be able to
refinance
your home and pay them off. The advantage of doing this is to lower
your total monthly payments.
I
can review your situation and make a recommendation.
►Refinance a 1st & 2nd
mortgage into a new First Mortgage.
If you have two mortgages on the same property, you
can combine them into a new first mortgage, as long as the total amount does not exceed 95% of
the value of the property. If the new mortgage is over
80% of the value of the property, normal CMHC/GE
insurance premiums and guidelines may apply.
►Financing a Renovation.
If you plan major renovations (spending
over $10,000), it could be less painful to add to your existing mortgage as opposed
to a loan or line of credit. Whether you are developing your basement,
renovating your bathroom, or even adding a hot tub! A new 1st or 2nd mortgage is the
best way to go!
►
Purchase of investments.
You can use the equity in your home to finance the
purchase of investments, Revenue Properties, R.R.S.P.'s, Stocks,
anything that you have been wanting to maximize your net worth and
improve your quality of life. Borrow at 3.59% & Earn up to 18% on a second Mortgage!
►
Purchase of investment property
If you have the equity and have a desire to
be a landlord, you could take equity out of your property by refinancing the
mortgage to use towards the purchase of an investment property.
