OUR LENDING SOLUTIONS
Debt Consolidation
With the significant appreciation in housing prices over the past decade, many Canadians are taking advantage of low interest rates and lender refinance programs.
Although debt consolidation is not a suitable option for everyone, you may want to carefully consider whether refinancing your home to pay off credit card debt, loans or line of credit would make sense in your circumstances.
You may be surprised by the amount of money you can save.
Benefits include:
- a single monthly payment rather than multiple payments
- lower interest rates
- money left over to invest
- To discuss your options talk with your Mortgage Centre specialist about refinancing for debt consolidation.
To discuss your options talk with your Mortgage Centre specialist about refinancing for debt consolidation.
HOME IMPROVEMENT
Leverage the equity you’ve built in your home to upgrade it.
Whether you’re looking to increase your living space, make much needed repairs, or invest in energy efficient upgrades, home renovations can help improve your quality of life, all without moving.
Whatever the scope of your project, your Mortgage Centre specialist will work with you to help you find cost effective financing options to help you achieve your renovation goals.
Lifestyle Renovations
Additions and remodels are a great way to incorporate new life and style to any home. And renovating may be a more practical and cost-efficient solution than moving, especially if you like where you live. From additions to increase kitchen, bedroom, or family room space to finishing the basement, or creating an outdoor living room, your Mortgage Centre specialist can help.
Retrofit Projects
You can significantly reduce your energy consumption by retrofitting your existing home with high-tech insulating materials and heating equipment to make your home more comfortable and reduce your operating costs for years to come. Enjoy the benefits of your energy efficient home:
- Increased comfort level
- Lower operating costs
- Increased equity/re-sale value
- Reduced carbon footprint
- Maintenance and Repair Renovations
While maintenance and repair renovations aren\’t really a choice – they are part of owning a home and protecting your investment. The renovations may also increase your equity and/or re-sale value.
Regardless of your reason, we\’re here to help you find the financing you need. Contact your local Mortgage Centre specialist to learn more about your options.
LINES OF CREDIT
Access ready cash whenever you need it.
Whether you’re planning on renovating your home, making a major purchase, or taking advantage of investment opportunities, a line of credit lets you borrow with flexibility and convenience.
By leveraging the equity in your home, you may be able to secure a line of credit with an interest rate lower than most other credit products.
Depending on the amount of equity you’ve invested in your home purchase, less any outstanding debts registered against your property, you may qualify for a secured line of credit. This is instant money that you can use for anything you like.
Generally Speaking, Benefits of a Secured Line of Credit include:
Saves you money:
- Using the equity in your home may result in a lower ‘secured’ interest rate, and a higher credit limit.
- Make interest payments only on the funds you use, not your total credit limit.
- Apply once and it’s set up for your future use.
- Reusable even when it’s been fully paid; you won’t have to reapply.
- Easy access to your line of credit funds.
Even if you’re not sure how much equity you’ve invested in your home, you can contact your Mortgage Centre specialist for a free consultation. We’ll sit down with you to analyze your current situation and discuss your options. Plus, we’ll do the legwork for you! We’ll assess your options then discuss the pros and cons of each with you so you’re able to make an informed decision.
Talk to us
Have any questions? We are always open to talk about your perculiar need, new projects, creative opportunities and how we can help you.