EQUITIS MORTGAGE GROUP SERVICES
Renewals
& Refinances
Renewal
In the majority of cases, without any consultation, clients simply choose to sign the renewal letter offered by their existing mortgage holder/ banks. Before you lock yourself for another term, you should be advised of all your options rather than simply singing the paper. For example:
- Am I being offered the most competitive rate being offered out in the market with my current financial situation?
- Will I be selling in the near future, or will I be downsizing or upgrading into a new home before the end of my new mortgage’s term?
- Will I need a line of credit for some future needs or simply as a safety net?
Equitis Mortgage Group will explore all the options out there for you and advise whether it would be beneficial to stay with your current lender, or switch to another mortgage solution!
Refinance
You bought your home four years ago, and the value of your property has increased significantly. Now you would like to access some of that equity that you’ve built over the years, which can be achieved through different types of refinance.
- With a full refinance, you can re-mortgage the remaining mortgage balance and the additional value being borrowed against the property into one new mortgage, while paying off other debts. In most cases, your new mortgage payments will be less than the current overall debt payments you are making.
- Another refinance option is getting a second mortgage, which means you are not touching the current remaining balance of your first mortgage. You are simply taking out a second mortgage by utilizing some of the equity in your home. This is an advantage in situations where the penalty for breaking your first mortgage is substantial.
- Another route you may choose to go is accessing a home equity line of credit (HELOC). With a HELOC, it is secured against your property, and in most cases an open product where you can pay off the outstanding balance without penalty.
Refinance Benefits
Here are some of the benefits of
What People Have To Say
Check out what people are saying about Equitis Mortgage Group
Purchasing our home was made easier with the help of Okhtay! This was our first home purchase and he was incredibly professional and thorough with every aspect of his work. He explained the steps of the process, he was always quick to respond, and I felt confident he was putting 110% into us as clients. He is excellent to work with and I highly recommend him as your mortgage broker for your next real estate purchase!
Being a first time home buyer meant I was completely new to the whole mortgage process. Okhtay guided me through each step seamlessly, explaining my various options along the way, getting me the best rate, and making sure I felt informed and comfortable throughout each decision.
Not only that; anytime I had any questions, he was a phone call away. I could not recommend Okhtay more. In fact, when my sister needed a mortgage, I made sure he was the one to do it!
Thanks for all your help! You made a stressed, first time home buyer feel at ease. The hardest part of the whole process was walking through the front door!I chose to deal with Okhtay when purchasing my first home after meeting with a few different mortgage brokerages. He was very easy to deal with and did a great job leading me through the process. I didn’t know anything about mortgages, but his professionalism and knowledge made me feel very confident with my investment. I am very happy with the service he provided and have since recommended them to all of my friends and extended family.
My experience working with Okhtay was great. I was a first-time home buyer and he was unbelievably helpful. Okhtay made the mortgage process feel so much less-stressful and he took care of so many details and factors that I wasn’t even aware of. His expertise and experience in mortgages helped me learn so much, but also he helped me secure the best options and products for my purchase. I would highly recommend Okhtay as Vancouver’s top mortgage specialist.
Working with Okhtay was a stress free experience. He was great at educating me with the process and making it as seamless as possible. Being able to find me better then standard interest rates was a great bonus to the already amazing service I received.
Latest News & Articles
Check out our selection of mortgage related news and articles.
January 24, 2022
January 17, 2021 Dr. Sherry Cooper – Chief Economist at Dominion Lending Centres Housing Affordability Erodes Further With Record-Low Supply Housing affordability remains a huge political […]
January 24, 2022
November 15, 2021 Dr. Sherry Cooper – Chief Economist at Dominion Lending Centres Home Sales Surge in October Today the Canadian Real Estate Association (CREA) released […]
October 1, 2021
October 5, 2021 Hassan Amhaz – BDM & Mortgage Professional As brokers, we have individuals approach us on a regular basis looking to secure a pre-approval. […]
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