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I Am Refinancing my Mortgage |
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Mortgage Managers has built its reputation by making sure that you get the right mortgage solution. We'll help you choose the right mortgage tailored to your needs, set out the costs of mortgage refinancing, and show you how much money you’ll save. Again, we want to ensure you there is No Cost for our services.
Popular reasons for home loan refinancing include:
• Getting a better deal – if the current mortgage is no longer suitable and there are “better deals” available
• Home renovations – refinancing your mortgage to cover renovation costs
• Rebuilding – finance to cover the initial costs of building a new home
• Consolidating debts – refinancing to consolidate personal loans, car loans and credit card debts into
your mortgage to take advantage of the lower interest rate; and
• Changing lenders – if you are not satisfied with your current lender
Revenue Canada Home Renovation Tax Credit
While the downturn in the economy may get some people nervous about spending their hard earned dollars on fixing up the home front, the Canadian government has made it a bit easier on families by providing tax relief with the new home renovation tax credit (HRTC). The government of Canada implemented a temporary Home Renovation Tax Credit (HRTC) this year which will enable many home owners to claim back some of the costs associated with home renovations. The HRTC covers projects carried out between January 27th 2009 and February 1st 2010. The HRTC can be claimed for renovations and lasting alterations to a dwelling, or the land on which it sits. Please visit the Revenue Canada website for more detailed information.
Get a Free, No Obligation Mortgage Assessment by contacting your local Mortgage Managers broker.
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