Thinking about refinancing your mortgage in Saskatoon? Here are a few tips, tricks, and suggestions to help you on your way.
As TD Canada Trust explains, “refinancing means renegotiating your existing mortgage loan agreement, usually to access the equity in your home, or to lower other borrowing costs by taking advantage of a lower interest rate. Refinancing can help you consolidate debt or pay for other large expenses like education or renovations. When you refinance, you select new terms for your mortgage loan agreement.” 
Shop Till We Drop
Your friendly neighbourhood Saskatoon Mortgage Brokers at iSask Mortgage are here to help do the hard work on your behalf. Often times when a property owner is looking to refinance their mortgage, there’s a wide range of options available, ranging from good to… well, not so good. Our job is to learn from you and sort through the clutter, and present you with the best options available. We have access to a wide ranging selection of lending options that your bank won’t put in front of you, and we’ll make sure you know who’s offering you the best solution to your refinancing needs.
Refinance to Free Up Some Equity
Refinancing your mortgage can be a prudent way to tap into the equity you’ve paid for in your property. Refinancing, rebalancing, or rewnewing your mortgage can help you get access to funds immediately to take care of both sort-term and long-term financial goals.
Lower Interest Rates? Do tell…
Even if there are penalties involved in refinancing your mortgage (though we can help you avoid them!), from a longer-term perspective, refinancing your Saskatoon mortgage may help you settle on a lower interest rate, or better year-to-year mortgage payments.
Renovations? Refinance your mortgage for that extra dough
If refinancing your mortgage is the ticket to gaining access to equity, and therefore some more liquid assets, there’s a lot you can do with that breathing room. Expanding your property? Doing renovations? Thinking of branching out even further? Our iSask Mortgage Brokers can help you decide how best to approach the mortgage refinancing process, and help you explore avenues like early renewal or low interest lines of credit from lenders.
iSask Mortgage Brokers in Saskatoon has all the Mortgage Refinancing tools at our fingertips
Mortgage Brokers sit in the sweet spot between property owners and lenders that gives us access to tools, information, and rates that banks or other lenders don’t offer up front.