Do you dream about a new kitchen or living with less debt?  Refinancing your existing mortgage can allow you to access equity in your home for a variety of reasons. Housing values in most areas have risen recently.  This increase in property values often means more available equity. 

Why not use the money in your home to pay off debts that carry higher interest rates?  By refinancing your mortgage, you can eliminate credit card debts, car loans and even lines of credit.  Why pay interest rates of 20% on your bank's credit card when you can consolidate debt with your existing mortgage and pay a much lower interest rate.  Debt consolidation can in fact reduce the amount that you pay out each month which simplifies your finances by having one lower payment each month.  Or, you could access equity in your home for renovations.  Why wait for the kitchen you have always dreamed of?  Why wait to renovate your basement?  Refinancing your home for renovations can increase its value, making it a wise decision.

Vertuity will search numerous lenders for the best terms available when you are ready to refinance.  Keep in mind that there can be fees and/or penalties involved in refinancing but a Mortgage Agent at Vertuity is more than happy to walk you through the process, in order to make sure it is the right financial decision for you.