Refinancing | One Stop Mortgage
One Stop Mortgage Corp offers great refinancing options!
What are the lowest mortgage rates? Who has the lowest mortgage rates? Are you having trouble renewing your mortgage or are not happy with your interest rates?
With record lows in the Bank of Canada Rate, and more and more institutions providing competitive products, we provide you with the most competitive mortgage products that not only lower your monthly payment but can give you more financial freedom.
The most common refinancing is for a home mortgage by obtaining a new loan to pay off an existing loan. Refinancing is a popular practice when interest rates drop or when it is more favourable to have a 5 year mortgage as opposed to a variable rate or vice versa. The new loan pays off the old loan, so you just make payments on the newer (presumably better) loan.
You can refinance a first mortgage or a second mortgage or combine the two mortgages into one!