Lower your monthly payments, consolidate high-interest debt, or access your home equity for what matters most. Discover if refinancing is right for you.
Free Consultation - Find out if refinancing can save you money
Consider refinancing if any of these situations apply to you
Interest rates are lower than when you first got your mortgage.
Potential Savings: Even a 0.5% rate reduction can save thousands over your mortgage term.
You're carrying credit card debt, car loans, or personal loans with high interest rates.
Consolidate at: 3-6% mortgage rate vs. 19-29% credit card rates.
You need funds for home improvements that will increase your property value.
Access Equity: Tap into up to 80% of your home's value.
Your mortgage term is ending and you want to explore better options.
Don't Auto-Renew: Shop around to get the best rate available.
Your financial situation has improved and you want to pay off your mortgage faster.
Accelerate Payments: Switch to bi-weekly or increase payments.
You're struggling with monthly payments and need breathing room in your budget.
Extend Amortization: Reduce monthly payments (if eligible).
Here's a real-world example of refinancing savings
Follow these steps to successfully refinance and start saving
Check your current rate, remaining balance, and when your term expires. Review any prepayment penalties.
Important: Breaking your mortgage early may incur penalties (typically 3 months interest or Interest Rate Differential - whichever is greater).
Compare your current payment to potential new rates. Factor in any penalties to see if refinancing makes sense.
Use Our CalculatorLenders need to know your home's current value. You can refinance up to 80% of your home's appraised value.
Cost: $300-500 for professional appraisal (usually required by lender)
Don't settle for your current lender's renewal offer. A mortgage broker can shop 50+ lenders for you.
Provide required documents like income verification, property tax bills, and mortgage statements.
Once approved, you'll sign new mortgage documents. Your new lender pays off your old mortgage.
Timeline: The entire process typically takes 2-4 weeks from application to funding.
I'll guide you through every step, shop multiple lenders, and handle all the paperwork for you - completely free.
Understanding all the costs involved so there are no surprises
Fee for breaking your current mortgage contract early
Professional valuation of your property
Lawyer to handle mortgage discharge and new registration
Protects against title defects (one-time fee)
Professional service to find you the best rate
Figure out how long it takes for your savings to cover the refinancing costs.
Rule of Thumb: If you break even in under 2 years and plan to stay in your home, refinancing usually makes sense.
Refinance at renewal to avoid prepayment penalties entirely.
Free service that shops multiple lenders for the best rate.
Some lenders offer cashback or cover legal/appraisal fees.
Let me analyze your current mortgage and show you exactly how much you could save through refinancing. Free consultation, no obligation.
Get your personalized refinancing analysis