Refinance Your Mortgage Here

Learn what refinancing your mortgage means and how it could help you reach your goals.

A mortgage refinance is when you pay off your current loan and start a new one. By doing so you can get a lower interest rate, access home equity, or consolidate debt. Breaking your mortgage early results in a penalty so make sure to contact a mortgage broker before you start.

Start Your Mortgage Refinance

Alex Lavender helps you get the best rates when you switch lenders to refinance your mortgage.

Alex not only gets your a variety of loans. It’s free! Allowing you to choose the best rates and ensure that you can purchase your dream home. Regardless of your credit score.

Minimum Requirements

  • $200k minimum house value
  • HRM Area
  • Not Available for Mobile Homes
  • All Credit Scores
  • Purchases 20% down
  • Refinance up to 80% of house value

Start Your Refinance:

Top 3 Reasons To Refinance Your Mortgage

Lower Interest Rate

  • Save money by taking advantage of lower interest rates
  • Bankruptcies must be discharged
  • Consumer proposals can stay in effect

Access Equity (Cash)

  • Refinancing allows you to take out equity
  • Up to 80% of your property value (minus debts)

Debt Consolidation

  • If you have enough equity in your home
  • You may be able to refinance to pay off high interest loans

How To Refinance Your Mortgage

1. Break Your Existing Mortgage

To start your refinancing you will break (exit) your current mortgage and take on a new one with a different lender.

There will be a prepayment penalty when you break your mortgage. Usually around 3 months worth of interest charges. Your mortgage broker will help you determine if a new loan will be worth the cost of breaking your current one.

2. Add a HELOC

A HELOC is a “home equity line of credit”. It gives you access to the equity in your home in the forms of a line of credit. Typically you get a HELOC with a very low interest rate, because it it secured by your home.

If you are wondering how much of a HELOC you are eligible for talk to a mortgage broker to help you out. Or lookup some online calculators, as a general reference.

3. Blend and Extend

Your current mortgage lender may offer you a “blended rate”. Which blends your penalty into your new mortgage rate.

These rates are almost always higher than most competitive mortgage rates. So make sure you use a mortgage broker to find the best rates and lenders available.

Meet Our Refinancing Team

Our refinancing team has relationships with a variety of lenders. From private, to alternative and reputable big banks. Our team researches to find you approval at multiple lenders for an app. We can even work with individual who have had bad credit or bankruptcy.

Alex Lavender is the author of “Mortgages For Millennials” and a mortgage broker. He has been helping Nova Scotians get their dream home for years. He takes pride in overcoming traditional loan barriers to purchase your property.

Pros and Cons Of Refinancing

A mortgage refinance is an important financial decision that should not be made lightly. While there is the potential to save you thousands of dollars over your term. There are some risks with refinancing that you should be aware of. This summarizes the pros and const of mortgage refinancing.

Private Mortgage

Pros Of Refinancing

– Getting a lower interest rate and saving money
– Consolidate debt with a lower rate
– Access equity built up in your home
– Swap between variable and fixed rates

Mortgage Refinance

Cons of Refinancing

– Paying the penalty may be more than the savings
– Accessing equity puts you into more debt
– Switching rate type might not work out to your advantage

Our Testimonials

    5 star review  Alex was incredibly helpful throughout the whole home buying process and extremely responsive when we were working with tight timelines. He provided fantastic advice upfront while we were planning, and... read more

    thumb Andrew Belletti
    October 16, 2021

    5 star review  Alex was very professional and responsive. Highly recommend!

    thumb Jordan Fraser
    October 15, 2021

    5 star review  Look no further...Alex is hands down the best in the business! All the people that helped us out in this company were professional and we were very pleased with the... read more

    thumb Tony Trask
    October 13, 2021

How Our Services Work:

  • FREE to use, we work for you, not the banks. Giving you the ability to choose between multiple lenders and compare rates side by side.
  • Mortgage expertise, by working with a variety of lenders we have all the experience you need. We’ll do the heavy lifting to let you choose the loan that is the best for you!
  • Efficient, we use your information to pull real mortgage approvals from multiple lenders. You can get mortgage rates from all the banks and lenders all in one place.

Meet Our Team:

Alex Lavender is and Accredited Mortgage Professional (AMP) the author of “Mortgages For Millennials” and has been providing services as a mortgage broker for years.

He takes pride in helping Nova Scotians purchase their first homes, refinance their current homes, or obtain a loan when no other options are available.

Alex listens to your situation and uses the necessary information to provide you with a variety of options from different lenders, including the big banks.

Refinance Mortgage FAQ