Refinance
Canadians today face many reasons to refinance their mortgage.
For example, you may have been working at improving your credit score and now qualify for a new mortgage with a better discount, or you may want to stabilize your payments by changing from a variable rate mortgage to a fixed-rate.
Refinancing is also a good option to pull out equity for consolidating debt, home improvements, investments, college expenses, and more.
CHIP Reverse Mortgage
The CHIP Reverse Mortgage by HomeEquity Bank allows Canadian homeowners aged 55+ to access up to 55% of their home’s value in tax-free cash - without having to sell or move.
Unlike a traditional mortgage, no regular mortgage payments are required. The loan is repaid when you sell your home or move out. This can be a great option for supplementing retirement income, covering healthcare costs, or helping family members financially.
Read More →Refinance Calculators
Use this calculator to estimate your payments after refinancing.
This calculator provides estimates only. Actual savings depend on your current rate, remaining balance, penalties, and new terms.
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