Mortgage Refinance & Equity
Mortgage Refinancing in Niagara and Hamilton
Make your equity work for you.
Whether you're consolidating debt, funding a renovation, or investing in another property, we structure refinances to protect your cash flow and make the most of your equity.
Explore Your OptionsStrategic Equity Takeouts
Accessing your home's equity should be a calculated move. We help you understand the costs, benefits, and long-term impact of refinancing.
Debt Consolidation
Roll high-interest credit cards and loans into your mortgage to significantly lower your monthly payments, save on interest, and improve your cash flow.
Home Renovations
Fund your dream kitchen or addition by tapping into your home's increased value, often at much lower rates than personal loans.
Investment Capital
Use your equity as a down payment for a rental property or to invest in the market, using your current assets to build more wealth.
The Equity Audit Worksheet
Calculate your available equity and map out how restructuring could improve your monthly cash flow.
Does Refinancing Make Sense?
Refinancing can lower your payment or roll high-interest debt into your mortgage, but breaking your current mortgage has a cost. Enter your numbers and we'll estimate whether it's worth it.
Open the Refinance ToolThe math has to make sense.
Breaking your current mortgage to refinance usually involves a penalty. We run the numbers to ensure the long-term savings or benefits outweigh the immediate costs.
80%
The maximum loan-to-value ratio for a conventional refinance in Canada.
Common questions
Mortgage refinance questions
How much equity can I take out when I refinance?
Up to 80 percent of your home’s value, minus what you still owe. On a $700,000 home with a $400,000 mortgage, that is roughly $160,000 available.
Whether you should take all of it is a different question from whether you can. The lender sets the amount you are allowed. What you are doing with the money sets the amount that is wise.
What is the penalty for breaking my mortgage to refinance?
On a variable rate it is normally three months’ interest. On a fixed rate it is the greater of three months’ interest or the interest rate differential, and the IRD can be several times larger depending on your rate, the time left in the term, and how your lender calculates it.
Get the exact quote from your lender before you decide anything else. A refinance that makes clear sense at $2,000 can be the wrong move at $12,000.
Can I roll my credit card debt into my mortgage?
Yes, and it usually cuts the interest rate on that debt dramatically. The catch is the part nobody says out loud: consolidating works once. If the cards fill back up, you have converted short-term debt into a lien on your home and doubled the problem.
We will do it, alongside a plan for what changes so it does not happen again. That second part is the whole job.
Let’s start with a conversation.
Thirty minutes. No pressure. No rate-shopping. We listen, we ask questions, and we tell you whether the mortgage you are thinking about is actually a win for your future.
Typical 24h-48h turnaround time for a fully underwritten pre-approval.
Who you actually work with
Refinancing is a maths question and a timing question at the same time. Both of us work every file, so the numbers get two reads before anything is signed.
Kelly Foote
Mortgage Broker · FSRA #M21002713
Certified Divorce Specialist · Certified Canadian Reverse Mortgage Consultant
Niagara born and built, and the systems side of how a file actually gets run.
Lisa Reynolds
Mortgage Broker · FSRA #M15000477
Certified Canadian Reverse Mortgage Consultant
30+ years in the industry, and the lender strategy behind the harder files.
Fusion Mortgage Group is a team of licensed mortgage brokers with BRX Mortgage Inc., Mortgage Brokerage #13463.
Ready to make your move?
Whether you're buying your first home, renewing your mortgage, or going through a separation, we're here to help. Book a discovery call or send us a message below.