Initial Consultation
We review your mortgage, financial status, and refinancing goals.
Are you paying too much on your current home loan? Refinancing your mortgage can help you lower your interest rate, reduce monthly payments, access home equity, or switch mortgage types. At XLG Mortgage Group, we specialize in helping homeowners explore the best refinancing solutions tailored to their financial needs.
Whether you’re looking for a Canada mortgage refinancing program, refinancing for secondary suites, or need a mortgage calculator, our team provides expert guidance and access to competitive rates.
Mortgage refinancing involves replacing your current home loan with a new one, often with better terms or lower interest rates. Here’s why homeowners choose to refinance:
If rates have dropped since your initial mortgage, refinancing can help reduce monthly payments.
Convert a variable-rate loan to a fixed-rate mortgage for more stability.
Use your home’s value to fund renovations, education, or investments.
Shorten your loan term (e.g., from 30 years to 15 years) to pay off your home faster or extend it to lower monthly costs.
If you’re wondering how refinancing works in Canada, our experts provide a step-by-step guide to help you navigate the process.
Choosing the right refinancing option can significantly impact your financial future. Here’s why homeowners trust XLG Mortgage Group:
Every homeowner has unique needs, and we customize refinancing options accordingly.
We work with major banks and private lenders to secure the best rates.
From Toronto and Mississauga to BC and across Canada, we help you find the right refinancing solution.
There are many advantages to refinancing, including:
Combine high-interest debts into a single, lower-interest mortgage payment.
Tap into your property’s value for major expenses or investment opportunities.
Reduce financial burden with lower payments.
Improve repayment conditions, such as removing mortgage insurance.
If you’re exploring Freeland’s 90% LTV home refinancing for secondary suites, we can explain how it applies to your situation.
We make refinancing simple with a four-step process:
Initial Consultation
We review your mortgage, financial status, and refinancing goals.
Application Process
We submit your details to multiple lenders to secure the best refinancing terms.
Approval and Documentation
Once approved, we review your new loan terms and finalize all paperwork.
Finalizing Your New Mortgage
After closing, you’ll begin payments based on your updated mortgage terms.
Whether you need a mortgage calculator or guidance on the government’s new refinancing program, we provide expert assistance every step of the way.
While refinancing offers financial advantages, some homeowners make costly mistakes. Here’s what to avoid:
A higher score qualifies you for better rates.
Consider legal fees, appraisals, and prepayment penalties.
Lower payments might seem appealing, but longer terms mean more interest paid over time.
Each lender offers different conditions, so shopping around is essential.
Before refinancing, it’s essential to assess whether it’s the best move for your financial situation. You should consider refinancing if:
Locking in a reduced rate can lead to substantial savings over time.
Moving from a variable-rate mortgage to a fixed-rate mortgage can offer stability.
A better credit score may qualify you for more favorable refinancing terms.
Rolling high-interest debts into a lower mortgage rate can simplify payments and reduce costs.
Access your home’s equity to fund renovations, education, or investments.
If you’re considering refinancing in Toronto, Mississauga, BC, or anywhere in Canada, XLG Mortgage Group is here to help. Contact us today to explore your options and secure the best available rates.
Ready to take the next step toward securing your mortgage? Reach out to XLG Mortgage Group today for a consultation. Our experts are available to answer your questions, discuss your financial goals, and help you find the mortgage product that best suits your needs.
+1 905-206-0090
+ 1 833-932-0012
info@xlgmortgagegroup.com
5250 Solar Drive, Unit # 208,
Mississauga, Ontario, L4W 5M8
207-460 Hespeler Road,
Cambridge, ON, N1R 0E3
© 2024 Created with CDT