Refinance · Debt Consolidation
Use home equity with a clear strategy.
A lower monthly payment can help cash flow, but refinancing should be evaluated against penalties, total borrowing cost and your longer-term plans.
Payment reviewLook at cash flow
Equity reviewUnderstand available room
Cost comparisonConsider penalties and total cost
Lovepreet GrewalMortgage Agent Level 2
Current mortgageBalance, rate and penalty
Other debtsPayments and interest costs
New structureCompare before deciding
A refinance should solve a specific problem
1
Current position
Review mortgage balance, estimated property value, current payment and likely penalty.
2
What you want to change
Debt payments, cash flow, renovations or another goal.
3
Compare the trade-offs
Evaluate whether the new structure is worthwhile rather than focusing only on a lower payment.
Useful numbers for our call
- Approximate mortgage balance
- Current mortgage rate and maturity date
- Estimated property value
- Approximate balances/payments of debts you want reviewed
Not sure whether refinancing makes sense?
That is exactly what the first conversation is for. We can determine whether a deeper application is worth doing.
Call Lovepreet