Refinancing might be for you if you want to take advantage of lower interest rates, have more flexibility, or use your equity to renovate or invest. Before you switch, ensure the benefits outweigh the costs, and you get the best deal.

Before you decide to switch

Ask your current lender for a better deal.

Banks reward loyalty with higher interest rates. A great way to secure a lower rate is to call your current bank, advise them of the best rate you can get at one of their competitors, and ask them to match it, or you’ll go elsewhere. They may offer you a reduced interest rate on your current home loan to keep business. Having a good credit score will help you with these negotiations, too.

If that doesn’t work, call us.

Mortgage Switching Calculator