People need to refinance mortgages for all kinds of reasons. They might be going through a divorce, and they want to take one name off the title of the property. They might need to take out some equity to send a child off to college, or to purchase a vacation home. They might just want to take advantage of lower interest rates that have become available to them. Because of Canadian law, a mortgage that is amortized over 20, 25, or 30 years has to go through multiple renewals because of the limits on the length of the term of any loan.
Take a look at the different articles we’ve put together about various situations that can involve refinancing. Many customers have posed the queries that we have collected into a Frequently Asked Questions section at the bottom of the page. If you are curious about your own situation, we’re available by live chat, email or phone – and we also have an online application that you can fill out to see if you would pre-qualify with one of our providers.