The process of paying out existing mortgage for purposes of establishing a new mortgage on the same property under new terms and conditions. This is usually done when a client requires additional funds.
What are the advantages?
🔹Lower your mortgage rate
🔹Access built up equity in the home
🔹Improve/change mortgage terms
Thinking between renewing or refinancing? Reach to IK Financial Mortgage Agents to find what would suit your needs the best:
Inna Bogdanov 416.268.0004 | Inna@ikfinancial.com
Katerina Markevich 416.388.8153 | Katerina@ikfinancial.com