YOU. SAVE. THOUSANDS.
5–YEAR FIXED*
0.00%
5–YEAR VARIABLE*
0.00%
3–YEAR FIXED*
0.00%
3–YEAR VARIABLE*
0.00%
*Applicable only with confirmable income uninsured mortgages
HOW DOES IT WORK?
1. GOALS
Before diving into the refinancing process, it’s essential to define your goals. Are you aiming to reduce your monthly payments, shorten your loan term, or tap into your home equity? Clarifying your objectives will help guide you towards the right refinancing strategy.
2. VALUATION
For refinancing, an appraisal is usually necessary. Explore comparable sales with our realtor partners to gain insights into your home’s value. While banks may use an Automated Valuation Model (AVM), it’s important to rely on a thorough appraisal to close your deal successfully.
3. RATIOS
When you apply for refinancing, lenders carefully evaluate your debt-to-income ratio as part of the approval process. Having a low debt-to-income ratio is key to improving your chances of getting approved.