Got a moderate discount on ‘posted rates’ from your current lender and are going to sign the letter? Seems easy and painless!
But you may have just lost thousands of dollars over the new term of your mortgage.
Are you thinking about undertaking that long-planned home renovation, dreaming about that much-awaited vacation, or wanting to pay off credit cards? Or, maybe you want to start planning for your children's future education! A mortgage refinance may be your best opinion.
Refinancing your mortgage or taking out equity from your home are two of the most effective ways for Canadian homeowners to achieve financial flexibility. Whether you want to lower your monthly payments, fund significant expenses, or consolidate debt, these strategies can help you make smarter financial choices. But what exactly does it involve, and how do you know if it’s the right move for you?
Working with us will provide you with choice, convenience and great counsel so you can select the best solution for your needs… We work with registered lenders to get you the best rate, best term and the features worth your all finance. It's just one of a way we can get your mortgage working for you!
Starting January 15, 2025, eligible homeowners looking to add a secondary suite can secure an insured refinance for up to 90% of their property’s enhanced value. This opportunity is available for homes valued at $2 million or less and provides funding specifically for construction costs.
Starting November 21, 2024, federally regulated lenders no longer require stress tests for insured or uninsured borrowers switching lenders at renewal, as long as the loan amount and terms remain unchanged.
Equity take-out allows you to borrow against the built-up value of your home without selling it. In Canada, you can access up to 80% of your home’s appraised value, minus your mortgage balance.
Here are a few ways to use it:
Choose wisely with Mega Mortgages & Financial Inc.—where your mortgage always works for you!
Refresh Your Finances! Refinancing can be a smart move for various reasons, depending on your financial needs and goals. It can save you money or provide additional funds, only timing and planning are key. But, Mortgage Refinancing comes at a price!
A Chance to Reassess and Save! Don't fall for the old lender’s discounted/higher bait. Look through the lower prospective mortgage rates on the horizon with Mega Mortgages & Financial Inc.
Tap Into Your Home's Value! A reverse mortgage lets you convert your home equity into tax-free funds, providing financial flexibility without monthly repayments. An ideal solution for retirement.
From overcoming banking hurdles to unlocking doors, we’ve helped countless clients achieve their ownership dreams, with trusted guidance and care.
When we decided to purchase our first investment property, we had more questions than answers. The process felt perplexing until we reached out to Mega Mortgage & Financial Inc. Thanks to their team who made everything clear, manageable & of course possible!
Securing a commercial mortgage was a big step for our business, and Mega Mortgage & Financial Inc. made it possible. Their team took the time to understand our needs and provided solutions tailored to our goals. We couldn’t have asked for a better partner!
Mega Mortgage & Financial Inc. made buying our first home a reality. Their team's dedication and personalized guidance made the entire process seamless and stress-free. We couldn't be happier with our new home!
As first-time homebuyers, we were overwhelmed by the mortgage process. Mega Mortgage & Financial Inc. patiently answered all our questions and secured a fantastic rate for us. Their professionalism and genuine care made all the difference.
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