There are many reasons why you might want to refinance, or increase your existing mortgage – to consolidate non-mortgage debt, to finance improvements to your home, children’s university/college tuition or investing for retirement.

Refinancing your mortgage can be a sound financial strategy and is the most effective way to unlock equity in your home.  There has been significant appreciation of house values in recent years, which opens up a wide variety of options.  Did you know that you can refinance up to 80% of your homes value?

One of the greatest motivations for refinancing is lowering your interest costs.  Most unsecured debt is priced by your bank at a higher rate than your mortgage in order to compensate them for the higher risk of loss if you default. For many people it only makes sense to use available home equity to pay out this debt, as it typically reduces interest costs significantly. Let me help you decide if refinancing makes sense for you.