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There are many reasons you may decide to refinance your property. Perhaps you want to take advantage of lower interest rates, make some investments, buy a second property or start a business. Whatever the reason, borrowing against your home is an excellent way to access money as mortgage interest rates are significantly lower than conventional means of borrowing.
Interest rates in Canada are at one of the lowest points in decades, but that doesn’t guarantee they’ll stay there. If you have been considering refinancing your property, It may be the right time to do so. By refinancing your mortgage now, you may be able to:
Mortgage refinancing is, without a doubt one of the best ways to borrow money due to the lower interest rates offered on mortgages. If you would like to explore your options and determine whether or not a refinance makes sense for you, give us a call. We are always happy to discuss your options, and may be able to suggest some additional cost-saving strategies.