There are some benefits to refinancing your home, such as;
· Taking advantage of the current low interest rates on mortgages.
· Low mortgage rates used as an investment vehicle will help with your cash flow. This is because you are not paying as much money on interest versus the cash you receive from your investment property.
· With the right advice, you may be able to get your equity to work and grow faster than you could have by leaving it in your home.
· Another lender may be able to offer better mortgage solutions to fit your needs. Mortgage products are not all built equally and your mortgage professional can explain these differences to you.
· Refinancing allows you to protect your savings by leaving it intact and diversifying your portfolio of overall investments.
Peter Snow
Mortgage Development Manager
GTA East and Durham Regions