Mortgage Refinancing in the GTA
Refinancing can let you tap your equity, pay off debt or restructure your mortgage. I compare your current terms with what's available today and help you decide if it makes sense for your plans, whether that's a renovation, an investment or something else.
Why review before you refinance
Refinancing can mean a prepayment penalty and a new qualification, so the details matter. Comparing your current terms with today's options, and picking the right timing, helps you decide if it's worth it.
What I look at
- How much equity you can access, which is generally capped at 80% of your home's value
- Any prepayment penalty on your current mortgage
- Whether refinancing at renewal could avoid that penalty
- What you plan to use the funds for
How it works
- Start with your goalWe talk about what you want the money or the change to do for you, and look at your home value and balance.
- Compare optionsI compare lenders and structures against your current mortgage.
- ApplicationYou send documents, the lender orders the appraisal, and funds arrive at closing.
I want you to know what I know, so we make an informed decision together. My aim is a relationship that lasts longer than your mortgage.
Refinancing Document Checklist
A one-page list of what to have ready when you refinance.
Common questions
How much can I borrow when refinancing?
Generally up to 80% of your home's value, minus what you owe. Your file determines the exact amount.
Will the lender need an appraisal?
Usually, yes. The lender chooses the appraisal company.