Our Brampton mortgage brokers at Avon Financial, will help you secure the best mortgage refinance options and rates. Contact our mortgage brokers to know more about the mortgage services we provide.
A refinance allows an individual or company to revise a payment schedule to pay debt. The old loan is paid off and replaced with a new loan offering different terms.
Borrowers refinance for myriad reasons. A common goal is to pay less interest over the life of the loan. Borrowers may also want to change the duration of the loan or switch from a fixed-rate to an adjustable-rate mortgage, or vice versa. The reasons and motivations behind refinancing a loan are as varied as the loan types offered.
A mortgage refinance is good for you if you want to:
- Consolidate your debt, like major credit cards and loans at a lower interest rate.
- Home renovations
- Money for unexpected expenses.