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Mortgage Refinancing Products

A.  Insured Refinancing Solutions

• CMHC or Genworth Financial Insured
• > 80% lending value of appraised value of property
• Maximum lending amount is 85% of property value
• Anywhere in Canada, urban or rural properties
• Credit creteria - clean for past 12 months, credit beacon starting at 600
• Borrowing rates based on lowest discounted broker rates
• No appraisals
• Approvals usually within 24 to 48 hours
• Funds can be utilized for any purpose except for default management.
• Fixed or variable rate option
• Regular mortgage option or Heloc

B.  Conventional Refinancing Solutions

• Up to 80% LTV of appraised property value
• Appraisals are required
• For excellent credit - no restriction on lending areas
• Lowest broker discounted rates for excellent credit ( above 600 without other  credit issues)
• For other acceptable credit profile - rate and lending restrictions on a case by case basis
• Approvals in 24 to 48 hours
• Funds can be used for any purpose
• Fixed or variable rate available depending on credit profile
• Heloc's may be available depending on credit grade

C.  Equity Refinancing Solutions

• Great refinancing solution for those with challenged credit
• Lending to 80% only
• Urban areas across Canada only.  Call us for more information
• Fixed, closed rates, up to 30 year amortization
• Approvals within 24 to 48 hours
• Funds very quick
• Appraisal required
• Documentation varies and is flexible
• Rates are very competitive and start at lowest broker rates + 0.5% and up

D.  Refinancing Solutions to 85 to 90%

• Urban areas only (geographic location restriction call us for details)
• Great solution when you need that extra amount or when the credit profile will not allow the insurer undertaking
• Appraisal required
• Approvals within 24 to 48 hours
• Use funds for any purpose
• Credit profile from good to poor

E.  Private Refinancing and 2nd mortgages

• Major urban centers and surrounding areas only in Ontario, Alberta, and British Columbia
• 1st and 2nd mortgages
• 1st mortgages to 75%
• 2nd mortgages to 95% ( on a case to case basis)
• ALL CREDIT PROFILE
• Income can be full documentation or stated
• Lending criteria based on Real estate
• Foreclosure?  Not a problem, call us for details
• Approvals within 24
• Appraisals required
• Broker and lender fees may apply

Please email us at info@refinance-canada.com or call us

at 1-877-237-2601