Top 3 Reasons To Consider Refinancing Your Mortgage

1
Top 3 Reasons To Consider Refinancing Your
Mortgage
2
Introduction
Refinancing your mortgage is a fantastic option
if you are looking to take advantage of the lower
interest rates, tap into the equity of your
house, or if you want to extend your
amortization. At Sure Loan For You, our expert
team is qualified to work with borrowers anywhere
in Canada to help to identify the right mortgage
refinancing option based on their current
financial situation. There are a wide variety of
reasons one might consider refinancing your
mortgage. The most popular one is taking the
built-up equity out of your house to consolidate
debt, fund home improvements, cash out and much
more.
3
Top 3 Reasons
02
03
01

• Pay off home improvements

• Built-up equity in your home

• Debt Consolidation

4
Able to access the built-up equity in your home
In a healthy housing market, the built-up equity
in your house goes up when you pay off a portion
of your mortgage. If you choose to access some of
the equity, a useful way of doing so is
refinancing.
5
Debt Consolidation
Ideally, money borrowed in a mortgage has far
better interest rates when compared to other
forms of debt, such as loans or credit cards. An
important reason to refinance your mortgage is to
utilize some of the additional equity in your
property to borrow more funds in a new mortgage,
which can further be used to pay off higher
debts. Combining all your high-interest payments
into one single easy-to-make payment will help
you keep track of them.
6
Pay off home improvements
Accessing the built-up equity through mortgage
refinancing is a great way to pay off home
improvements when compared to other high-interest
forms of financing like a personal loan, second
mortgage, HELOC etc. Moreover, refinancing for
home renovations increase the propertys
appraisal value which in turn increases your
equity and reducing your loan-to-value (LTV)
ratio.
7
THANKS

• Any Queries?
• info_at_sureloanforyou.ca
• 1 [phone]
• sureloanforyou.ca