Get the Most out of your Mortgage Refinance.
A Mortgage Refinance can provide you much needed flexibility in your finances and help you save money every month by consolidating your High Interest Debts into your Mortgage. Allowing you to make one low payment a month and saving your Hundreds to Thousands of Dollars in interest immediately every single month. Let a 5 Star Mortgage Broker, Rumy Gill – Mortgage Broker, help guide you through the process and help you save you the most amount of money with a Mortgage Refinance today. Clients Trust Rumy Gill to Help find them the Best Mortgage when it comes to their Mortgage Refinance, and you should too!
Rumy Gill - Mortgage Broker
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Why does a Mortgage Refinance make a lot of sense?
Mortgage Refinancing is a common strategy that Canadians use to lower their interest payments,
consolidate their debt, save money, or access their home equity. But is it really a good idea? The answer is, that it depends on a few factors. Refinancing could save you a lot of money over time, but then again it might not. Or there may be other mortgage strategies that make more sense in your situation.
To determine whether Mortgage Refinancing is a good idea for you, you should sit down with your mortgage broker and let them calculate a few scenarios for you. In general though, here are a few of the factors you will need to look at in making your decision.
It is important to think about future expenses that may occur when you begin your Mortgage Refinance so you are not in shock or financial stress if something unexpected were to happen. When working with a Mortgage Broker who puts your needs first, a Mortgage Refinance can provide you much-needed flexibility and financial safety in your monthly finances and future finances.
Mortgage Refinance Brampton can Free up Monthly Cash Flow
A Mortgage Refinance can allow you to breathe easy every month, as you can lower your High Interest Debt, Credit Card Debt, Pay Day Loans, Car Loans or any type of debt or High Interest Debt you are carrying. These high Interest Debts like Credit Cards, Pay Day Loans, Personal Loan are usually around a rate of interest of 18% to 21% or more.
That’s A LOT! If you continue on with these kind of Interest rates, you can pile up a large amount of Debt and your finances can get out of control really quickly.
But not to worry, we can help homeowners just like you with a simple Mortgage Refinance and dramatically reduce the interest you pay allowing you to live comfortably and save hundreds to Thousands of Dollars each month in Low Affordable Monthly payments.
Looking for a Mortgage Refinance?
Speak to mortgage broker about the most affordable option given your credit score income and property
Mortgage Refinance Payments Can Save you Money and Free Up Cash Flow!
Consolidate Debt! Pay off High-Interest Debt! Increase your Credit Score Rating!
The example shows how we were able to help a Client in Brampton with a Mortgage Refinance to Pay off a Second Mortgage and Credit Card Debts saving Our Client $1,265/month
|First Mortgage Amount:||$200,000|
|Mortgage Interest Rate:||4.99%|
|Mortgage Payment:||$1,165 monthly|
|Second Mortgage Amount||150,000|
|Second Mortgage Interest:||12%|
|Second Mortgage Payment||1,500|
|Credit Card Debts:$50||($450 Monthly)|
|Total Debt $400,000|
|Total Monthly Payments $3,165|
|Monthly Savings $0 (Client further in Debt)|
|Mortgage Interest Rate:||3.99%|
|Second Mortgage Amount $0||(paid in full)|
|Second Mortgage Interest Rate(N/A)|
|Second Mortgage Payment $0||(paid in full)|
|Credit card Debts $0||(paid in full)|
|Total Debt $400,000|
|Total Monthly Payments $1,900|
|Monthly Savings $1,265|
|Saved Client about 40% monthly payments|
Why Would You Want Pay More Interest Than You Have Too?
By utilizing a Mortgage Refinance, you are able to put all these debts into your existing Mortgage, at a lower rate of interest, saving you thousands of dollars a month and even more over the course of the Mortgage and have your Debts paid off in full.
Instead of paying multiple monthly payments on the Debts you are already paying every month, a Mortgage Refinance you can improve monthly cash flow, and allow you have one easy payment, and allow you to be Mortgage-free and Debt quicker than you ever thought possible.
Thus helping you save hundreds and Thousands of dollars each month.
Now that’s a smart financial decision you can Bank on! Contact Me Today, So We Can Start Helping You Save Money with Mortgage Refinance.
Rumy Gill can Help you Get a Mortgage Refinanceof up to $50k, $100k, $200k or More in Cash, Fast!
All you Have to do is Apply!
We Work with All Income and Credit Situations! Approvals on Home Equity are Available.
Here are the Benefits of Working with Rumy Gill a Brampton Mortgage Broker for your Second Mortgage;
Pay off Your High Interest Debt
Pay off Your Credit Card Debt
Help Increase Your Month Cash Flow
Access Your Home Equity
Get Money for Buying a Second Home
Shorten Your Mortgage Term
Get a Variable Rate Mortgage
Pay off Your Pay Day Loans
Pay off Your Third Mortgage
Switch to another Mortgage Lender
Get Money to Purchase a Business
Pay off Collections
Move your B Lender Mortgage to the Bank
Pay off Your Second Mortgage
Help Fix Your Credit
Lower Your Mortgage Interest Rate
Pay off Your Car Loan
Restructure Your Finances
Pay for Your Vacation
Get Money for Buying a Rental Property
Get Money for Your Home Renovation
Lower Your Monthly Payments
Lock in a Fixed Rate Mortgage
Get a Home Equity Line of Credit (HELOC)
Get Money for an Investment
Pay off Consumer Proposal
Pay off Your Private Mortgage
Frequently Asked Questions
What is Mortgage Refinance?
Refinancing a mortgage means paying off an existing loan and replacing it with a new one. There are many reasons why homeowners refinance to obtain a lower interest rate to shorten the term of their mortgage to convert from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage or vice versa, to tap into home equity to finance a large purchase, or to consolidate debt.
How does Refinancing work?
Refinancing works by giving a homeowner access to a new mortgage loan which replaces the existing one. The details of the new mortgage loan can be customized by the homeowner, include the new loan’s mortgage rate, loan length in years, and amount borrowed. Refinances can reduce a homeowner’s monthly mortgage payment, access cash for home improvements, and cancel mortgage insurance premiums, among other uses.
What Credit Score do you need to Refinance your home?
There is no minimum credit score you need in order to Refinance your Mortgage with us, as a Mortgage Broker, we work with over 50 Mortgage Lender including; Banks, Credit Unions, Alternate Lenders, B Lenders, and many Private Lenders who can help you with Refinancing your Mortgage. So that means we can help Refinance your Mortgage even if you have a credit score of 680 or 580 or below. We can help find a Mortgage Lender to Approve your Mortgage Refinance.
What documents do you need to refinance your mortgage?
- Pay Stubs. When applying for a home loan refinance, your lender will need proof of income
- Tax Returns
- Credit Report
- Letter of Employment
- Property Tax Bill
- Mortgage Statements
Can I Refinance my Mortgage if I have Bad Credit?
Yes it is possible to Refinance with Bad Credit, so that means if you want to lower your mortgage payment and consolidate debts but have bad credit you could be in luck. We work with many Mortgage Lenders who are understand life situations occur and are able to accommodating clients with Bad Credit. We have helped many clients get Approved for a Mortgage Refinance with Bad Credit who have had; Overloaded with Debt, Late Payments, Missed Payments, Consumer Proposals, Bankruptcy, Judgements, or Divorce.
Did you know carrying too much debt can lead to … Continue reading How to Refinance Your Mortgage with Bad Credit?
A home equity line of credit, which is also referred … Continue reading How Home equity line of credit works in Brampton?