Mortgage: refinance
Mortgage refinancing
Refinancing can help you access the equity in your home for renovations, investments, debt consolidation, or other financial goals. We help you understand the options and the costs before making a decision.
Put your home equity to work
Refinancing may allow you to access equity in your home and restructure your mortgage based on your current needs and financial goals. Is it right for you?
Fund home improvements
Use your equity for renovations.
Access funds for investments
Put your equity toward an investment.
Consolidate higher-interest debt
Combine debts into a more manageable payment.
A refinance should make financial sense
Before changing your mortgage, it is important to understand both the benefits and the costs involved.
Up to 80% loan-to-value
Review the available equity and lending limits based on your property and circumstances.
Penalty and break-even analysis
Consider the costs of breaking your current mortgage and how they affect the overall benefit of refinancing.
Payment structure
Explore a payment structure that aligns with your current financial goals.
Your refinance, step by step
Step 1
Understand
We discuss why you are considering refinancing and what you want to accomplish.
Step 2
Review
Review your current mortgage, available equity, potential costs, and financing requirements.
Step 3
Compare
Compare lender options, rates, terms, and payment structures.
Step 4
Complete
Once you choose an option, coordinate the financing and closing process with your lender and lawyer.
Look at the full cost, not just the rate
A lower interest rate does not automatically mean refinancing is the right choice. The decision should also consider penalties, fees, the remaining term of your mortgage, and the potential benefit of the new financing.
Current mortgage
Understand what you currently have.
Cost of refinancing
Review penalties and other costs involved.
Potential benefit
Compare the overall financial impact before making a change.
Common questions
What does it mean to refinance?
Refinancing means replacing your current mortgage with a new one, often for a different amount, rate, term or lender. It is commonly used to access home equity, combine debts or pay for renovations.
How much of my home's value can I borrow against?
Lenders set a limit based on the appraised value of your home, and the limit is lower than the full value. Your income and credit also matter. Sukhpreet can tell you what is realistic for your situation.
What does refinancing cost?
There can be an appraisal, legal fees, and a penalty for ending your current mortgage early. Sukhpreet shows you the full cost alongside the benefit, so you can decide whether it is worthwhile.
Will I need a lawyer?
Yes. A lawyer registers the new mortgage and handles the discharge of the old one. Gurpreet can do this as part of the same team.
Clear mortgage advice. No guesswork.
Clear guidance
Financing options based on your goals, timeline, and circumstances.
Transparent options
Understand the rates, terms, features, and costs before deciding.
End-to-end support
Guidance and coordination from your initial conversation through closing.
Meet Sukhpreet
Mortgage Agent, Level 1, Mortgage Alliance, Licence #10530
Sukhpreet works closely with clients to help them navigate the mortgage process with clarity and confidence.
- 20+ lender access
- Fast pre-approvals*
- Client-first guidance
*Timelines depend on document completeness and lender response.
Read Sukhpreet's full profile
Start your refinance
Share a few details and we'll call you to talk it through. The first conversation is free.
- Call
- 613-306-9900
- Office hours
- Monday to Friday9:00 AM to 6:00 PMSaturday10:00 AM to 2:00 PMSundayClosed
- Visit
- 101-14 Chamberlain Ave
Ottawa, OntarioGet directions (opens Google Maps in a new tab)