Do you currently have a mortgage and want to refinance? Maybe you are wondering if this is a good time to refinance. A mortgage refinance is basically when you swap your current mortgage for a new one, where you pay off your previous mortgage with the proceeds of the new mortgage.
There are many reasons to refinance your current mortgage. Refinancing can help you manage your debt and finances, may lower your rate and payments or may be used to access the equity in your home.
Before deciding if this is the right time for you to refinance, read our comprehensive guide to refinancing to better understand the process.
Despite the current discussions regarding Canada’s future economic direction, and possible rate hikes in the future, interest rates remain historically low. If you have decided to refinance your mortgage, now is the time. Let us connect you with the lenders that are competing to have you as a client. Let us help you compare rates and find your competitive mortgage term today.
