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Refinancing up to 90% of the Value of your Home

We offer refinancing up to 90% of your house value until March 18th, 2011. Dew to new mortgage changes announced recently by Finance Minister Jim Flaherty, effective March 18th this year, Canadians won't be able to refinance above 85% of the value of their homes. Here is how it works:

Your house is worth 400K and has a mortgage of 210K. If refinancing before March 18th, 2011 you can increase your existing mortgage up to 360K (or 90% of the house value). The difference between your new mortgage amount (360K) and your current mortgage amount (210K) is the gross amount that you can expect to receive from this refinance - 150K. Your expenses are legal fees because this transaction will also need to be finalized by a real estate lawyer and possibly paying penalties to your existing mortgage lender. These funds are typically withdrawn from the gross refinance amount.

Why would one consider refinancing their existing mortgage? The reasons could be specific to your unique situation - debt consolidation, renovations, investment, ex-spouse payout, revenue property purchase etc.

Mortgage insurance premium will apply if you refinance more than 80% of your house value.

• Refinance up to 90%
• Home Equity Line of Credit
• Self Employed
• Home Equity Line of Credit
• Second Mortgage

It is the first time I ever used services of a mortgage broker, and for sure I will do it again. I am very pleased with Lena's service, level of expertise and what I find most important, she actually delivers what she promises - no games, no gimmicks. She got me an unbelievably low rate, met with me after work to sign all the papers, and her services cost me absolutely nothing. You can't go wrong here! Thank you!

Kim J. - Calgary

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