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Mortgage Refinancing

Mortgage Refinancing is a simple and convenient way to obtain money for your family’s projects and dreams! Want to renovate your home, travel, pay for your children’s education, investor even consolidate your debts? All this is possible with mortgage refinancing.

Renovations

Residential Properties

The best way to find the funds for your renovation projects is to refinance your mortgage. You can borrow up to 80% of your property’s market value at any time!

If you want to know the maximum amount you have available for your renovations,calculate 80% of your property’s market value and subtract the balance of your mortgage.

Increase the value of your home by expanding your living room, renovating your kitchen, adding an in ground pool in the back yard or embellishing your bathroom!

Dominion Summum mortgage brokers will help you assess all of your available options so that you can achieve your goals!

Rental Properties

Mortgage refinancing is also possible for renovation projects on rental properties. Whether or not you are a live-in landlord of a rental property of one or more units, you can borrow up to 80% of the property’s market value at any time.

If you want to know the maximum amount you have available for your renovations, calculate 80% of your property’s market value and subtract the balance of your mortgage.

Dominion Summum mortgage brokers will help you assess all of your available options so that you can achieve your goals!

Home Equity Line of Credit

Did you know that the home equity line of credit allows you to refinance your mortgage without having to incur notary fees or prepayment penalties?  The home equity line of credit is practical and an ideal way to complete  residential renovations.

Consult your Dominion Summun brokerto find out more about the home equity line of credit.

Investments

You’re in need of funds to invest in a project that could be very profitable in a few years? Refinancing your mortgage might be the solution! Dominion Summum Brokers can help you achieve your investment goals.

Make Investments

Your home has increased in value since you bought it,have you ever thought of investing that amount?Mortgage refinancing gives you the option to borrow up to 80% of your property’s market value,minus the balance of your mortgage. If you own an investment property of five or more units, you can borrow up to 85% of the property's market value.

Contact a specialist from the Financial Markets Authority (AMF).

Contributing to your RRSP

Refinancing your mortgage to invest in RRSPs? Go for it! For sound advice on how to make your money grow, contact a member of the AMF.

Mortgage refinancing means that you can borrow up to 80% of your property’s market value, minus the balance of your mortgage. This money could be used to prepare for retirement while you enjoy the tax benefits RRSPs offer. Borrowing to invest can be part of a successful strategy. Contact one of the AMF’s  specialists.

Investing in Real Estate

Contrary to popular beliefs, it is not necessary to wait for your mortgage to come to the end of its term in order to buy a rental property.

Mortgage refinancing gives you the option to borrow up to 80% of your property’s market value,minus the balance of your mortgage.If you own an investment property of five or more units, you can borrow up to 85% of the property's market value.

New Project and Dreams

You want to travel, buy a new car, go back to scholar pay for your children’s education, start a business or may be retire earlier? Refinancing your mortgage might be the solution for you.Contact your Dominion Summum mortgage broker to find out more.

Mortgage refinancing means you can access your home’s equity, that is 80% of the property’s market value minus the balance of your mortgage.It is a convenient way to borrow money for your projects at very low interest rates.

Home Equity Line of Credit

Did you know that the home equity line of credit allows you to refinance your mortgage without having to incur notary fees or prepayment penalties?  The home equity line of credit is practical and an ideal way to complete  residential renovations.

Consult your Dominion Summun broker to find out more about the home equity line of credit.

Debt Consolidation

Have you ever thought of consolidating your debts by refinancing your home? Debt consolidation is the process of combining two or more debts so you end up with a single debt payment.

Use your home’s equity to simplify your payments, lower the total you pay in interest and take control of your financial situation.

See the section on Debt Consolidation or contact your Dominion Summum mortgage broker to find out more about the money you can save by consolidating your debts by refinancing your mortgage.