Mortgage Refinance in Canada: Eliminate Your Debts, Save on Interest, Reduce Your Payments

  • Mortgage refinance to consolidate your high interest into one lower payment
  • Pay no legal fees or appraisal fees PLUS get up to $5000 cash back
  • Get it done FAST within just days, weeks sooner than traditional Banks and Mortgage Brokers

Altrua Financial Mortgage Brokers and Certified Financial Planners (CFP) and specialize in Mortgage Refinance for debt consolidation with the lowest rates, and speedy white glove treatment,  for your best result and lasting peace of mind. 

Click to Book an Appointment Or Call 1-877-248-9210 to Talk to a Specialist Now

Why Refinance My Mortgage?

The mortgage refinance has helped thousands of Canadians access their home equity to get ahead financially and reach their goals. Because housing values increase over time and mortgages are paid down, there is tremendous equity value built into homes across Canada that can be tapped into.

The key is ensuing the right mortgage lender partner to help you complete this.

At Altrua Financial the foundation of our service is lower rates and expert level advice from a highly experienced mortgage broker. But we also offer free unbiased financial planning to help manage your mortgage repayment, reduce income tax, and ensure your questions about retirement are answered. Its a unique service to take your mortgage refinance results to the next level.

How does a mortgage refinance in Canada work?

A mortgage refinance involves placing a new mortgage on your home. This new mortgage pays out the existing mortgage, and also any other debts. Or pure cash can be accessed to help meet your other goals. The maximum new mortgage that can be placed on home is up to 80% of its value.

(Video created by Altrua Financial 10 years ago)

Mortgage Refinance Example

  1. Let’s assume your home is worth $1,000,000.
  2.  80% of the value of $1,000,000 is $800,000. This $800,000 is the maximum amount of mortgage we can put on the home, leaving 20% equity or ‘skin in the game’. But you could certainly apply for a lower mortgage amount.
  3. Let’s assume the current balance owing on your existing mortgage is $400,000.
  4. We subtract the amount of the EXISTING mortgage ($400,000) from the NEW mortgage (in this case the $800,000 maximum): $800,000 – $400,000 = $400,000.
  5. In this example, $400,000 is the MAXIMUM amount you’d be able to use, after your existing mortgage has been paid off.
  6. This $400,000 surplus can be used however you’d like:  If there is $50,000 in credit card debt, this could be paid out and you’d still have $350,000 leftover. You could renovate your home, invest, pay for education or pretty much anything else.

The results can be thousands of dollars per month of interest saved, and one lower easy to manage payment. 

Mortgage Refinance Tips

  • Time tested tips on how to get the most out of your refinance
  • Tips for different mortgage refinance purposes
  • Tips for how to get the best refinance mortgage rates

Click to Book an Appointment Or Call 1-877-248-9210 to Talk To A Specialist Now

Mortgage Refinance vs Mortgage Renewal

  • What is the difference between a mortgage refinance and mortgage renewal?
  • What are the benefits of each and when should you renew instead of refinance?
  • How to save versus your current Bank
mortgage refinance canada

Calculate Your Mortgage Refinance Gains

  • Determine your savings and payment based on your unique situation
  • See how the savings can add up over time
  • Discuss with Altrua how to implement and optimize

Included with the Altrua Financial Mortgage Refinance 

  • Recommendation of the best mortgage lender options to go with at the lowest interest rates
  • Refund of any legal or appraisal fees associated with the refinance PLUS a cash back 
  • Optional Advice Only Financial Plan to help you manage debts and meet your financial and retirement goals
  • Unlimited long term availability for questions and changes as needed

We handle the heavy lifting so you don’t have to. In just minutes get approved for a life changing financial strategy.

Book a No Obligation Call