Mortgage Refinancing

Access your home's equity, lower your rate, or restructure your mortgage to better fit your life today.

Mortgage Refinancing

Refinancing replaces your existing mortgage with a new one — usually to take advantage of better rates, access built-up equity, or change your terms. Done at the right time, it can save you money and give you greater financial flexibility.

Common reasons to refinance: consolidating debt, funding renovations, investing in a second property, or getting a better rate.

Common Reasons to Refinance

  • Access built-up home equity as cash
  • Consolidate high-interest debt
  • Fund major home renovations
  • Lower your mortgage interest rate
  • Change from variable to fixed rate (or vice versa)
  • Invest in a second property or RRSP

Why Work With Gagan Luna

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Equity Access

Turn the value you've built in your home into usable funds.

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Rate Improvement

If rates have dropped since you got your mortgage, refinancing may save you significantly.

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Term Flexibility

Change your amortization, payment frequency, or lender to match your current goals.

Frequently Asked Questions

Q: Is there a penalty to refinance early?

Yes — refinancing before your term ends typically involves a prepayment penalty. We'll calculate whether long-term savings outweigh it before recommending you proceed.

Q: How much equity can I access?

In most cases, you can refinance up to 80% of your home's appraised value minus your remaining mortgage balance.

Q: How long does refinancing take?

Typically 4–6 weeks from application to funding, though it can be faster with complete documentation.

Ready to take the next step?

Book a free, no-obligation consultation and let's find the right mortgage for your situation.

Apply Now → Contact Gagan