Unlock the equity in your home to finance your next big purchase. Investment property? Paying off debts? No problem!
With homes in the Greater Toronto Area reaching record highs, homeowners can now borrow money based on the net worth of their homes.
If the difference between your home’s current market value and the remaining amount left owing on your mortgage nets out to be positive, then you unlock this equity to fund your next big purchase or project.
Personal loans for what you
need—and when you need them.
Paying off debts
Investment property
Wedding
Children’s education
Mortgage refinance required documents
Here is a list of mandatory documents required for us to review your mortgage application:
- Mortgage application form
- Valid Driver’s License
- Social Insurance Number
- Equifax/Transunion report
- Proof of income (can include any 2) recent pay stubs, T1 general tax form, 2 years notice of assessment, T4 OR T4A tax forms, letter of employment
- Current mortgage statement
Ready to Apply ?
Download an application form or apply online today.
Express Application
Apply online by using our express app and get ready for white-glove service!
Apply OnlineFull Application
Simply fill out our online mortgage application and we’ll call you back for further review.
Download PDFInterest Rates
Avail a personal loan starting from Rs. 50,000 up to Rs. 15,00,000 with minimal documentation and attractive interest rates. Here are the interest rates for personal loans with tenure up to 36 months.
| Interest Rate | 10.75% onwards |
| Processing Fee | Upto 2% of loan amount |
| Loan Tenure | Upto 5 years |
| Lowest EMI Per Lakh | Rs. 2,162 for 5 years |
| Prepayment Charges | Nil to upto 5% |
Ready to get your refinance started?
Fill out the mortgage application and get a head start on your approval.
Frequently Asked Questions
Part of the refinance process is to get your home appraised. This process usually comes during the mortgage application process. The lender that best serves your needs and budget will request a full appraisal. Sometimes it could be as simple as a driveby appraisal in which the appraisers will drive by your home and take pictures. They could also take a look at comparable homes in your area to identify best what the current market value of your home could be.
It’s always a great idea to keep a pulse check on your credit score because it could impact the mortgage application process as well as the rates we can shop for you. Visit the Equifax https://www.equifax.com/personal/ website and get started on getting your credit report.
The debt-to-income ratio is a measure of how much you owe versus what’s left over after your monthly expenses are paid. Don’t worry; our team of mortgage professionals will calculate this for you once your share all of the required income documents.
The most important thing to consider when refinancing is your goals. If you want the lowest possible interest rate and/or longest repayment period, then make sure that’s what you're looking for in a mortgage product! But our team of mortgage strategists is here to help you navigate and provide you with our best recommendations.
If you haven’t checked already, visit our Mortgage Affordability Calculator to see how much you can afford in today’s market!
The first thing you should do is give our team a call, or fill out our full application here. Once you provide all required documents and our team reviews your application, it could take 24-48 hours for us to get back to you with an approval. Yup, it’s that quick!