Refinance

A refinance is one of the most powerful financial moves a homeowner can make—when it's structured properly. We model the full cost (including any prepayment penalty) so you know your real break-even before you sign anything.

When refinancing makes sense

Rates have dropped

If current rates are meaningfully below your contract rate, the math may favour breaking early.

You're carrying high-interest debt

Rolling 19%+ credit card or LOC balances into your mortgage often saves thousands per month.

You want to renovate or invest

Equity take-out at mortgage rates beats unsecured borrowing every time.

You're changing your amortization

Reset to 30 years to free up cash flow, or shorten to pay your home off faster.

The numbers we run for you

Refinancing isn't free. There's a prepayment penalty (Interest Rate Differential or three months' interest), legal fees, possibly an appraisal, and discharge costs. We build a side-by-side comparison so you see total cost over the term, not just the headline rate.

Cash-out refinance

You can refinance up to 80% of your home's appraised value. The difference between your current balance and the new mortgage comes to you as cash—at mortgage rates, not personal-loan rates.

Frequently asked

What's an IRD penalty?

Interest Rate Differential. Most fixed-rate mortgages charge the greater of three months' interest OR the IRD if you break early. Big banks calculate IRD aggressively—monoline lenders often don't. We'll model your exact penalty before you commit.

Can I refinance with bad credit?

Yes—we work with B-lenders and private lenders who underwrite on equity rather than credit alone. The rate is higher, but it's often a stepping stone back to A-lender pricing within a year or two.

How much equity can I access?

Up to 80% of your home's current appraised value, less your existing mortgage balance. On a $1M home with a $400K mortgage, that's up to $400K accessible.