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i resolveRefinance


A mortgage that manages your debt and improves your credit.

Canadians pay a shocking amount of money to service their high interest credit cards and other loans. As a result, more and more homeowners are considering the advantages of using a new mortgage to refinance and manage their debts. Why? Because your status as a homeowner can give you access to an overall lower borrowing rate.

Perhaps you have maximized your credit cards and other debt. You may be considered a "high risk" borrower under these circumstances, even if you are managing to make your payments each month. Your overall payment history is satisfactory, but your debt load is heavy. If you consolidate all your debts in a new mortgage, you can start getting your finances back on track.

Refinancing is a great way to consolidate your debts into a new mortgage. The benefits are immediate and long lasting: fewer payments, better cash flow, and big savings on interest charges.  And you'll find that this process is a great way to possibly re-establish your credit. After all, good credit can be a passport to financial opportunities.

Here are some of the key features:

  • approvals up to 90% of the home's value

  • purchases, refinance or equity take-out for debt consolidation (equity take-out allowed, some conditions apply)

  • for owner occupied properties, second residences and investment properties

To see if Refinancing is right for you or for more information call us at 866-544-4001.

 

 

 

 

 

 

 

 

 

 

To maximize the benefits to you, you may want to consider enlisting the services of a  Mortgage Intelligence agent.  We negotiate with major financial institutions, chartered banks, trust and insurance companies, Canada Mortgage and Housing Corporation, Genworth and others to bring our clients the most competitive mortgage rates and terms.  Mortgage Intelligence will usually earn a commission or fee from the lender* for all the work, advertising and promotion done on their behalf.  Our professional services are provided, in most cases, at no cost to you.  We are constantly updated on rate changes and new products being introduced in the market.  As our client, you can choose from the widest range of options, obtain the most competitive rate and best product suited to your specific needs.  An extensive network of financial institutions has enabled many of our clients to obtain savings of up to 1.40% below posted lender rates.

For more information or a free consultation - Please contact Justin Christie or Keith Walper at 519-238-HOME(4663) or toll free at 1-866-544-4001.

* Subject to certain guidelines

Rates

Rates as of 07-Sep-2010
Term Bank Posted Rates Our Best Rates*
6mth 4.45% 3.95%
1 yr 3.50% 2.44%
2 yr 3.90% 3.09%
3 yr 4.45% 3.45%
4 yr 5.04% 3.79%
5 yr 5.39% 3.60%**
7 yr 6.19% 4.85%
10 yr 6.50% 5.19%

variable rates-ask for details - **Insured 30 day quick close

 

 

 

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Mortgage Details

Pre-qualification - Having the right documents in place will speed up the process
Mortgage options - The mortgage you choose will form the foundation of you financial stability
Down payment - Homebuyers today have more choice than ever before in terms of what they can use for a down payment.
LTT refund & GST New housing rebate - Land Transfer tax refund - First time home buyers may be eligible for a  land transfer tax refund. GST New Housing rebate is also available (not just for first time buyers).
RRSP Program - Home Buyers' Plan (HBP) - You can withdraw RRSP money 'tax free' provided you buy or build a qualifying home
Mortgage Types - Arranging to pay for that home is one of the most important financial decisions you will ever make
Average 5-year Mortgage rate - How do 5-year rates compare since 1981
Payment Tables
Repayment options - How you pay your mortgage has a dramatic effect on the amount of interest you pay..
Closing the deal - There are costs involved in every real estate transaction.. be prepared for all the extras..
30-35 year amortizations - extended amortizations
 

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*Rates/product subject to purchaser/property qualification and change without notice. E&OE. OAC.
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® Registered trademark of Mortgage Intelligence Inc. © Copyright 2009, Mortgage Intelligence Inc. All rights reserved.

HO Address:  5770 Hurontario Street, Suite 600, Mississauga, Ontario, L5R 3G5

Mortgage Intelligence FSCO licence # 10428 | Justin Christie FSCO licence # M08001295  |  Keith Walper FSCO licence # M08001748