You’re opening the door to your very first home and an adventure filled with unknowns. No worries, we know our stuff. We’re in it together and your future is just around the corner.
- Pre-approval and competitive rates, and terms.
- Closely guided and completely digital mortgage application process
- Flexibility for self-employed and newcomers
There are a lotof important factors you should consider when it comes to choosing a mortgage.
This is why we provide unbiased recommendations for your specific needs and secure the best mortgage solution for you.
Mortgage Renewals or Refinancing
Congratulations on your maturing mortgage… Now we can take a look and see what the best option for you on the market is, before you sign back with the current lender.
Whether you’re a first-time homebuyer or a seasoned real estate maven, knowing your options when it comes to renewing and refinancing a mortgage is crucial. And having as much knowledge about how these processes work is immensely helpful in making clear decisions on major, long-term financial commitments.
What is a mortgage renewal?
If your mortgage is not fully paid off by the end of its’ term, you will need to renew it. This offers the home buyer a chance to renew terms that are hopefully more favourable. In other words, a fresh start to the agreement.
What does it mean to refinance your mortgage?
To refinance your mortgage means to renegotiate your existing loan agreement and select new terms. It can be either with your pre-existing financial institution or a new one if you decide to change.
Home Equity Line of Credit
A home equity line of credit (HELOC) gives you access to the equity in your home at your own discretion. The lender uses your home as a guarantee that you'll pay back the money you borrow.You can receive a loan of up to 80% of your Oshawa property's value. You are responsible for interest only payments each month on the outstanding balance that you use.
Our team works with homeowners throughout the Oshawa neighbourhood to help them rehabilitate their finances and continue to invest in their property. Learn more about your options with CTMS today.