Mortgage Refinancing

REFINANCE YOUR MORTGAGE TODAY

Refinancing your existing mortgage loan allows you to borrow money in the form of a new mortgage. These funds are used to pay off your existing mortgage(s) and also take out equity for your use [ property value – mortgage balance(s) = equity ]. The proceeds of the loan are paid out as a one-time lump sum and you are not allowed to borrow money on the loan in the future. If you require more money in the future, you will have to re-apply for a new loan.

Refinancing your mortgage and accessing the equity in your home may be your solution for the following:

  • Covering the cost of home improvements
  • Capital for investments
  • Down payment on another property
  • Debt consolidation, to reduce your overall interest expense
  • Lowering your mortgage payments by re-amortizing your mortgage to extend the term
  • Reducing mortgage interest expenses and paying off your mortgage sooner by re-amortizing your mortgage to increase payments and shorten the term
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We use modern Web technologies to save you money and time. All you need to do is fill out a simple form and our software will match you with up to 5 of our over 500+ lenders and brokers across Canada to locate the perfect professional to meet your exact needs and get you the lowest rate. This service is absolutely free and you are under no obligation to accept any of the offers or services provided by participating lenders and agents. Thank you for visiting our web site and we look forward to providing you with the best mortgage shopping experience possible.

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DISCLAIMER

By accessing this web site, you acknowledge that you have read and agree to abide by the Terms of Use and consent by electronic signature to be contacted by a live mortgage agent, artificial or prerecorded voice, and SMS text at your residential or cellular number (dialed manually or by autodialed) and by email. Calls may be recorded for quality assurance.

BestMortgageOttawa.com is not a lender or mortgage broker in any transaction. All credit decisions, including loan approval and the conditional rates and terms you are offered, are the responsibility of the participating lenders and brokers and will vary based upon your loan request and determined by the lenders or brokers to whom you are matched.

Not all consumers will qualify for the advertised rates and terms. You may not be matched with a lender or broker and we do not guarantee that any lender will make you a conditional loan offer. BestMortgageOttawa.com arranges for multiple conditional loan offers through our network of non-affiliated lenders and brokers. See the Terms of Use Agreement for more details. The Terms of Use Agreement governs these advertised Terms and Information.

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