* Cambrian will be closed on Monday, May 23 for Victoria Day. We will re-open on Tuesday, May 24.

Refinancing your existing mortgage - how it works

Signing Mortgage Paperwork

Refinancing your mortgage means you are paying off your current mortgage loan and replacing it with a new mortgage.

Why Refinance?

Homeowners may wish to refinance their mortgage to get a better rate, switch terms, change the mortgage amortization period or borrow against their home equity. 

If you are exploring refinancing your mortgage, it’s important to weigh your options.

The Benefits of Refinancing

At Cambrian, we offer mortgage rates that are among the lowest in the market, so you could lower your payment and save thousands of dollars over the life of your mortgage.

If you are planning a larger expense such as extensive home renovations, want to consolidate your debt, or purchase a vacation property refinancing your mortgage can be a less expensive way to finance your borrowing needs.

You can borrow up to 80% of the market value of your home, including your current mortgage and other home-secured lending, which makes refinancing an excellent alternative to high-cost borrowing.

Make an appointment to discuss if refinancing your mortgage could work for you.