Refinancing your mortgage can be a smart financial move.
As a first-time homebuyer, it is not uncommon to end up with mortgage terms that may not have been as favourable as possible. If this happened to you when you bought your home in the Georgian Triangle, know that you don’t have to live with these terms until the life of your loan expires. Turn to us at the BRM Lending Team, and we can help you refinance your mortgage, so you benefit from terms that align with your short and long-term financial plan.
We recommend refinancing your mortgage when you can qualify for a lower interest rate, but it can also be done if you want to switch to a different type of mortgage. In most cases, this results in a lower monthly payment that allows you to have more expendable income for investments, paying off debt, going on family vacations, or anything else.
Before we refinance your mortgage, we will carefully scrutinize your current mortgage, so you do not become subject to unpleasant surprises, like prepayment penalties. We can also help if you are near the end of a five-year mortgage plan and need assistance negotiating the rate for the sake of refinancing. Ultimately, we spend time learning what your goals are, so we can help you make the best financial decisions possible.
If you want to refinance your mortgage to improve your finances, it’s time to speak with us to discuss your options. Contact us today to set up a consultation and to find out more about our services as an independent mortgage broker.