Refinancing
Refinancing is to renegotiate your existing mortgage agreement. You may be increasing the principal or paying out the mortgage in full and arranging a new mortgage. Whether you need a better rate or desire to use your home equity to grow your Investment portfolio, we can help you find the optimum mortgage solution.
Renewal
At the end of a mortgage term, a mortgage can be renewed if the terms and conditions acceptable to both the lender and the borrower. Otherwise, the lender will be repaid in full and the borrower will arrange financing elsewhere. It is never advisable to just renew without having your mortgage broker review available options.
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