Mortgage Refinance
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Lowest Interest Rates
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Awards and Recognition
Mortgage Refinance
The cost to refinance your mortgage depends on the strategy you use to access equity or lower your interest rate. No matter which strategy you use you will always incur legal costs as a lawyer must change the financing on title. The good news is if your mortgage balance is greater than $200,000, many brokers and/or lenders will cover this cost. If you are breaking your mortgage in the middle of your term to access equity or lower your interest rate your lender will charge you a prepayment penalty. Well, for fixed mortgage rates this penalty is the larger of 3 months interest or the Interest Rate Differential payment (IRD). For variable mortgage rates this is simply three months interest
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We Have Offer To You
First-Time Home Buyer Mortgage
Purchasing your first home can be incredibly exciting, whether you're doing it on your own.
Refinancing Your Property
The majority of house owners attempting to refinance a mortgage are looking to accomplish one among the following.
Pre Approval
By obtaining a pre-approval, you can speed up the process of securing a mortgage loan drastically.
Debt Consolidation
To know if you require a consolidated loan, you need to analyze your finances. More importantly.
Renew Your Mortgage
At AKAL Mortgages, we believe that you should not just renew your mortgage loan—you should renegotiate it.
Benefits of Mortgage Refinance
Through refinancing, you can increase up to 80 percent of your house's value less any outstanding mortgages. That’s extra money for investment opportunities, home renovations, or your children’s education. There are several ways to access this equity including breaking your mortgage, taking on a home equity line of credit, or blending and extending your mortgage to your current lender.
Book Now- To take advantage of low-interest rates
Don’t let penalties deter you; first, know the numbers. Breaking your contract for a lower interest rate can save you money over time.
- To access equity (cash) in your home
Through refinancing, you can increase up to 80 percent of your house's value less any outstanding mortgages.
- To consolidate debt
If you have enough equity in your home, you will be able to pay-out high-interest debt through a refinance.
- Break your existing mortgage contract early
You can consider breaking your mortgage early if you want to obtain a lower interest rate or access equity from your home.
Easy Approval Process
Find Out Your Credit Rating
We will create your personal account in which you can track the change in your rating.
Book NowWhy You Should Choose
Akal Mortgages
Other Brokers
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AKAL Mortgages
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