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How Homewise Helps With Refinancing and Switching Mortgages

Bianca Foti - January 26, 2021, 1:12 pm

With interest rates constantly shifting, you might be considering the possibility of refinancing or switching your mortgage. If so, you’re in the right place. At Homewise, we not only help you find the best mortgage but we guide you through every step of the process to confidently make a decision that’s right for you. If you’re planning to refinance or switch your mortgage in the near future, here’s how Homewise can help.

We help you make the right decision. 

At Homewise, we help you find the best mortgage option that meets your unique needs over the short and long term. From prepayment privileges and penalties to rates and hidden costs such as legal fees and appraisals, it’s our goal to ensure that you have all of the details to make this decision. If you’re looking to refinance, one of our Mortgage Advisors will help you understand your existing mortgage terms to determine if breaking your mortgage makes sense. If you’re looking to borrow more, we’ll help you get clear on exactly what you can afford. If you’re looking to switch, we’ll explore Canada’s bank and lender market to present you with the best options available.

We shop around with multiple lenders to save you the most money.

Comparing different lenders is key, especially if you plan to refinance or switch your mortgage. There are many lenders that offer features and rates that could be more favourable to your specific needs. That’s why at Homewise, we work with over 30 banks and lenders to find you the best full-featured mortgage. Once that’s done, we help you lock it in and take care of all the paperwork so you don’t have to.

We provide a personal Mortgage Advisor to guide you at every step. 

Similar to how you applied for your first mortgage, lenders will often ask you to resubmit a copy of your T4, Notice of Assessment or pay stub for review. Other key documents include your mortgage statement, a recent property tax bill and other financial statements. At every step of the process, your dedicated Homewise Mortgage Advisor will be right there with you to answer any questions and help you prepare all of the necessary paperwork to move forward. From approval to close and beyond, your Advisor will ensure you fund your home with confidence – without having to worry about the fine print. 

If you’re interested in refinancing or switching your current mortgage, apply online with Homewise in just 5 minutes here.

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