Refinancing

A refinance transaction can help you take advantage of your real estate investments. The maximum refinance value is up to 80% of the appraised value, less the outstanding debts registered on title. During a refinance, the amortization and loan amount is adjusted and the ability to add a Home Equity Line of Credit is available.

 

There are many reasons why individuals refinance their home:

 

– Credit consolidation
– Home renovations
– Adding a home equity line of credit
– Investment in real estate or other opportunities
– Vacation properties
– Education costs
– Unexpected expenses
– New business/Self employment
– Retirement planning via supplementary income
– Travel
– Tax planning purposes
– Create a financial buffer for future needs