REFINANCING

How does refinancing work?

Refinancing

Pay off your current mortgage and replace it with a new one. This can help you reach a variety of goals.

Refinancing makes sense when you want to borrow additional funds, at a lower interest rate compared to other types of unsecured credit. Reasons to refinance may include:

  • Home improvement projects
  • Fund tuition
  • Vehicle purchase
  • Recreational or investment property purchase
  • Other investment opportunities

How does refinancing work?

Your mortgage agent will help you find a lender that is best suited to your needs.

  1. First we will review your refinancing options together.
  2. You’ll be offered a number of loan options, so discuss them with your mortgage agent and choose one that best aligns with your needs. Over and above considering the lowest rate, discuss whether a fixed or adjustable rate is better for your situation.
  3. Your mortgage agent can help you navigate administrative costs such as transfer fees, legal and other associated costs. It could be possible to have your lender absorb these costs, it’s worth asking!
  4. Be ready with a few required documents such as proof of income, income tax returns, recent bank statements and your monthly expenses.

Life has a way of hitting us with unexpected expenses. Broker Financial Group through its mortgage agents has access to a wide array of banks and financial institutions. We work on your behalf to negotiate with the banks and lenders to get the best possible rates and terms for you.


Depending on how much equity you have acquired in your home, you could be eligible for a Home Equity Line of Credit. This financing solution can typically provide you with up to 80% of the value of your home.

Choosing to work with one of our mortgage agents; means choosing to work with an experienced and passionate professional. We can help you secure the financing you need for all your home improvement goals.

Contact us today! Start improving your home tomorrow.

What's Next

So many ways to get in touch with us and our agents! Choose the channel most convenient to you from the list down below.

Contact Us
Phone : 905.604.2379
Find a Mortgage Agent
Talk to a mortgage agent today
Apply Now
Let us help you get a better rate!