Expert Advice For Refinancing Your Mortgage In Edmonton.

Canadians purchase homes for a variety of reasons. Some want the stability of owning their own home, while others see home ownership as an investment vehicle. No matter the reason, the truth is that home-ownership has proven itself to be a stable long-term investment, and one which many Canadians are profiting from.

While many people have chosen to purchase their first home during these times of lower interest rates, there has also been a large movement to refinance home mortgages, and pull out equity for home improvements, investments, college expenses, and even high-interest

Debt consolidation. Canadians have been borrowing against their home’s equity in record numbers, taking out billions of dollars in cash each year. Mortgage lending is the cheapest form of borrowing. We can unlock up to 80% of the value of your home, and convert that into usable funds through a refinance.

Edmonton Mortgage Refinance – Residential Mortgage Edmonton

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Edmonton Mortgage Refinance

Other benefits that can come with refinancing is obtaining a lower fixed rate. The rate that you received from your fixed-rate mortgage originally may have decreased significantly. Due to this result, you may want to take advantage of refinancing your mortgage in Edmonton at the reduced interest rate. Another benefit to refinancing your mortgage is if you want to switch from a variable rate mortgage towards a fixed-rate mortgage. The interest rate when you first received your variable rate mortgage at first may have been low but with time the fluctuation can be unpredictable. Switching your mortgage to a fixed-rate mortgage can secure your interest rate and help save you money in the long run. Paying two mortgages on a single property can be costly so consolidating them into one can be a financial saver.

There are many reasons why Canadians would want to refinance their mortgage. You may want to pay for a wedding, your child’s education or you may have improved your credit score and qualify for a better mortgage with a lower interest rate. You may want to pay off high interest credit card or line of credit debt. Whatever your reason, refinancing your Edmonton mortgage is also a good option to pull out equity for consolidating debt, home improvements, investments, college expenses, and more. Give us a call today to discuss your refinance options.


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