Overview
Compare the new mortgage with your current balance, payout costs, fees and longer-term interest.
Start with the current mortgage balance, payout statement and the amount you want to borrow. A new lender review and property valuation may be needed. The available equity is not the same as the amount a lender will approve.
Compare the payout penalty, legal and appraisal costs, rate, new balance, payment and repayment period. A lower monthly payment may increase total interest if the debt lasts longer. Discuss alternatives before deciding whether replacing the mortgage meets your goal.
Key Features
How It Works
Free Consultation
We discuss your goals, review your financial situation, and determine the best mortgage strategy for you.
Compare Suitable Options
I compare rates, terms, lender requirements and costs, and help you work through the requested documents and conditions.