Why should I consider refinancing my existing mortgage?

There are numerous reasons why borrowers may choose to refinance the mortgage they already have. Some of these include:

• Consolidate high-interest debts into a much better financial plan with:
  • Lower rate
  • Lower monthly payment
  • Shortened mortgage terms
• Renovate your existing property
• Personal investments (i.e: expand your current business; pay for post-secondary education cost; purchase a new car…)
• Purchase an investment property