A couple sitting in a kitchen, considering the options of refinancing there mortgage for renovations.

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Build? Invest? Grow! A mortgage re-do that benefits you.

What You Need to Know About Refinancing Your Mortgage.

Revamp your mortgage to maximize your potential

Refinancing Explained

Want a mortgage that gives you more options? Refinancing might be the answer. Refinancing your ...

Want a mortgage that gives you more options? Refinancing might be the answer. Refinancing your mortgage means going back to the negotiation table and replacing your old mortgage with a new one - that gives you more! In other words, you borrow against the equity in your home. You can do this at any point during your mortgage term, but there will be different penalties depending on your timing. Tell us what you're thinking and we can help you decide if refinancing is the right move for you.

Refinance to Invest Or Renovate

Don’t waste time wondering what your lender will approve! We can answer all your questions. ...

Don’t waste time wondering what your lender will approve! We can answer all your questions. Refinancing to invest in stocks, bonds, mutual funds, and/or RRSPs is completely acceptable. You can also refinance to purchase an investment property, spruce up your current property (which is an investment in itself!), or further your education. Loaning money to a family member for a down payment is another valid reason to refinance your current mortgage. If you have the desire to grow your asset portfolio, we can help you find the mortgage product to fuel your fire.

Refinance to Pay Off Debt

Overwhelmed by big bills and a cash flow that doesn’t match? Refinancing your mortgage allows ...

Overwhelmed by big bills and a cash flow that doesn’t match? Refinancing your mortgage allows you to transfer high interest debt (like car loans) to lower interest debt (like your mortgage), which is always a wise move. Since there may be fees involved, it will take some analysis to determine if the numbers work in your favour. We can help you decide if refinancing is the sensible way to manage your debt.

Refinance to Get a Better Rate

Could you be capitalizing on current low rates? Keep in mind there will be a ...

Could you be capitalizing on current low rates? Keep in mind there will be a fee to renegotiate your mortgage. The penalty amount will vary depending on your current rate (fixed vs. variable) and the specific terms you agreed to when first signing. In some cases, the savings the low rate offers justify the cost to jump ship. Don’t get lost in the math, we’ll do the calculations for you. We can determine if it's smarter to stick it out, or start anew.

Determine Your Refinance Amount

Wondering how much money you could potentially access? The maximum amount you can refinance for ...

Wondering how much money you could potentially access? The maximum amount you can refinance for is 80% of your property value, also known as Loan to Value (LTV). To calculate this we need to know the current value of your property. Recent property assessments are a good starting point for guesstimations. But lenders will require more precision and send an independent appraiser to inspect your property and provide an accurate current market value. Lenders will also take into consideration your current income, debt, and credit when deciding how much money they are comfortable loaning to you.

Refinance with Ease

Refinancing is a straightforward process that we explore with clients on a daily basis. Unlike ...

Refinancing is a straightforward process that we explore with clients on a daily basis. Unlike banks that know a little about alot, we are mortgage experts, specializing in purchasing, renewing and refinancing. As long as you have your paperwork in order and time for the appraiser to do their bit, refinancing can be a seamless experience. It could also be the smartest financial move you’ll ever make. And if it isn't, we’ll tell you not to do it!

Refinance for More Options

Refinance your mortgage to realize your financial potential.

Refinancing Explained

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What Clients Say About Refinancing with Us!

Your perfect mortgage experience is our priority.

“Steve and his team have advised me on both an original mortgage and a refinance and the experience has been great. Excellent strategic counsel, extremely responsive, no-nonsense - and a great rate both times. Highly recommend the Spin team.”

“I approached Spin Mortgage to refinance to purchase a new house. My bank could not, nor could another local mortgage broker. Spin undertook my case. They had barely 4 weeks before 'closing'. They understood the time crunch and moved swiftly. Ryan who I worked with is fantastic.”

“Spin Mortgage was incredibly professional, knowledgeable and helpful as we went through the refinancing of our mortgage. I would highly recommend working with the Spin Mortgage team.”

“Jeff was phenomenal to work with and always readily available for any questions. His updates were prompt, clear and thorough. 100% recommend Jeff to do your purchase or refinance.”

“Ryan Araujo was a huge help with my refi and would recommend him and Spin to anyone. Very clear communication, great rate, easy to work with.”

“Ryan was exceptional to work with! He found me the best mortgage that worked for me. He was very knowledgeable about the current interest rate market and knew the importance of securing a mortgage sooner than later. He was very thorough with the mortgage renewal process and responded to any questions I had, even after business hours. A true pleasure to work with. I highly recommend Ryan and the team at Spin.”

“In just under 2 weeks we went through the process of refinancing our condo and purchasing a new home. Ryan made it all happen and under tight timelines. Worked through scenarios with us and got us totally set up. Thanks Ryan!”

“We have used Spin for over 10 years! They are quick and responsive to our questions. We highly recommend their service! Ryan and Steve are amazing.”

“The team at Spin Mortgage has been helping me with my mortgage renewals for many years and I could not recommend a better team. They always look at what's best for me and I truly value their professional advice.”

Learn More About Refinancing.

Become a better informed borrower by visiting our Info Hub.

Refinance to Reach Further

Discover if a mortgage re-do is right for you!