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
The Mortgage Force Team – Edmonton Mortgage Brokers
Call for a FREE quote 780-466-9898
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.
“Jody worked around the clock to get me the best rate around. She helped me through the whole process. Would highly recommend to anyone.”
Jody and her team were a great help in finding the best mortgage for us. really appreciate the work they do for the client.
“I love dealing with the mortgage force team! They are informative, answer any questions I have and guide myself and my clients through the process. They make things so easy!”
“I had a great experience dealing with this company. I was especially thankful that they were able to provide me with a mortgage education. They were also able to get me a better rate with my own bank than I was.”
“When I was asked to do a testimonial, and I was so excited to share my experience. I learned a ton, and felt so involved in the process! I can’t say enough good things about the Mortgage Force Team”
“Great group of people. I can really tell they’re looking out for their clients”
“Being a single mom with rent, groceries, and all the living expenses to cover, I was not able to save up any down payment. Jody was actually able to put me in a program which allowed me to borrow my down payment from the line of credit I had. Thanks to her, I took possession my new condo on Nov 11, 2015”
“I wanted to thank them for getting us in the home of our dreams. Its rare these days to experience such quality of genuine care and service. Thank you”
Speak to one of our mortgage specialists today!
Call 780.466.9898