Refinance
Your mortgage should be working for you.
Let's make sure it is.
A refinance is one of the most powerful financial tools available to Canadian homeowners — and one of the most misunderstood. Done right, it can lower your monthly payments, eliminate high-interest debt, fund a renovation, or restructure your finances entirely.
Done wrong, it can cost you more than it saves. I run the numbers honestly before you commit to anything.
Common reasons to refinance
Lower your interest rate and reduce monthly payments
Consolidate high-interest debt (credit cards, lines of credit, loans)
Access equity for a renovation, investment, or major expense
Change your mortgage term or amortization
Remove or add a person from the mortgage
Switch from variable to fixed (or vice versa)
Restructure your mortgage ahead of a life change
When does it make sense to refinance?
It depends on the math. Refinancing involves breaking your current mortgage, which usually means paying a prepayment penalty. I will calculate the exact penalty you would face, compare it against the savings you would gain, and tell you honestly whether refinancing makes financial sense right now — or whether it makes more sense to wait.
How much equity do I need to refinance?
In Canada, you can refinance up to 80% of your home's appraised value. So if your home is worth $800,000, you can have a maximum mortgage of $640,000 after refinancing. I will help you understand exactly how much equity you have available and what you can do with it.
What is a prepayment penalty and how is it calculated?
A prepayment penalty is a fee your lender charges when you break your mortgage before the end of your term. For fixed-rate mortgages, this is typically the greater of three months' interest or the Interest Rate Differential (IRD). For variable-rate mortgages, it is usually three months' interest. I will calculate your exact penalty before you make any decisions.
Can I refinance to consolidate debt?
Yes, and for many clients this is one of the most impactful financial moves they can make. Replacing high-interest debt (credit cards at 19–22%) with mortgage debt (at a much lower rate) can dramatically reduce your monthly obligations and total interest paid. I will model the numbers for your specific situation.
Ready to get started?
No obligation, no pressure — just a direct conversation.
Book a Refinance Consultation