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Why should I Refinance? To refinance a mortgage is easy if you compare different mortgage offerings. Refinancing means you pay off your existing mortgage with a new mortgage. There are three reasons why people usually do this. First is to reduce the interest rate they’re paying. The second reason is to change the term (the length, the time duration) of the mortgage. And the third reason is because they want to use the extra cash from their home’s equity. Which one are you? If you want a better mortgage, then click the Button below!
Stress-Free Refinance Mortgages!
Want help refinancing a mortgage? We match your goals with a loan, not the other way around! Personal service, every time!
- Fixed and Variable Rates (Adjustable Rates)
- We Make the Process Really Easy
- All Lender Types (from Big Bank to Private-Individual Lenders)
- Get Better Terms (like Prepayment Privileges)
I was totally worried about refinancing because I know my credit had dropped since I went back to do my Master’s degree but MortgageMop really made it simple and a total no-brainer to get everything finished quickly and painlessly."
Marsha, from Grimsby
Really quick turnarounds. In a single phone call I got more useful information about what they could do than five calls and emails back and forth with other brokers. No hard-selling with these folks. I refinanced at 6.99% for my first mortgage. Might sound high but I have a bankruptcy and my husband just started a consumer proposal. So pretty darn good I’d say."
Helen, from Binbrook
Click to Read Ann's Situation, Solution, and Result.
The bank won’t refinance Ann’s mortgage after 12 years of timely payments. But she got something better.
Ann finally got great renters for her two new houses in Washago. So now she works part-time instead of full-time. She lives nearby in a house of her own, has a mortgage, and wants some extra funds. But the bank won’t renew it—they say income from renters isn’t reliable. Not reliable!
Her home in Washago is appraised at $1,750,000. Ann’s bank mortgage ($700,000, 3.2%) is in good standing, but she wants at least an extra $30,000 for renovations to her home. Because she works part-time, and because income from tenants doesn’t “count,” she thinks she’ll need private money.
Ann gets a new first mortgage ($750,000, 3.59% fixed rate, 2-year term) from a B-lender that understands the value of borrowers like Ann. Ann gets a large new deck to appreciate beautiful sunsets right from her home. Well done Ann – you’ve engineered your improved standard of living.
Thank you Brian for taking the time to understand my needs and keeping me posted every step of the way and solving my issue with the bank.
Click to Read Kelvin's Situation, Solution, and Result.
Kelvin’s 2nd mortgage is killing him—literally. The high interest rate means he can’t pay for mould reduction. Until now.
Kelvin owns a bike-courier company in Hamilton. He had a flood in April that destroyed part of his basement. Insurance paid towards the new pipes ($10,650) but by the end of the summer he found mould covering the walls behind the storage area. He needs cash to fix the problem.
His home in Brantford is appraised at $1,040,000. Kelvin has a bank mortgage ($465,000, 2.5%) with a fantastic rate, but his second mortgage with a private lender ($292,000, 13.99%) is eating away his leftover income. The most reliable quote to fix the mould problem was $11,500.
Kelvin didn’t want a third mortgage, so he refinanced his second mortgage ($325,000, 10.99% fixed rate, 1-year term) with a private lender who understood the value in Kelvin’s home equity. Kelvin fixed the mould problem, took flood-prevention measures, and can enjoy family time again.
MortgageMop thanks a million for the fast turn around. When you said cash in my hands in 8 days I couldn’t believe it. But now I do!