What does Refinancing mean?
Refinancing refers to taking money out of your property.
In other words, you already own your property and you
wish to use some of the equity you have in it to take
out some money, for several possible reasons.
- Investments
- Provide money to your children
- Purchase a car/boat/motorcycle/RV, etc.
- or for any other reason, the choice is yours
You've worked hard to pay down your mortgage or pay
off your house and now you would like some of this money
back. Consider your home to be like a 'bank account'
that you've saved money in. By refinancing your home,
you have access to this 'bank account'.
Here's an example of how you might refinance
your home:
- Your home's value: $200,000
- Your 1st mortgage: $100,000
- You want $50,000
We can provide you with a 2nd mortgage of $50,000 or
we can refinance your first mortgage, if it makes sense
(based on certain conditions such as your credit and
income), and we will tailor your mortgage to suit your
needs. For example, we can discuss your options concerning
variable rate mortgages, adjustable rate mortgages,
fixed rate mortgages, open and closed mortgages, mortgages
with terms from 6 months to 10 years and more!
Hours of operation
Our hours of operation. Others work 9-5, but not Savers
Mortgage Inc. Our staff is available to answer your
questions from 9:00 am to 10:00 pm, 7 days a week.
Give us a call or apply online, and let us take
the worry out of your home buying experience!
