Mississauga Mortgage Refinance

Mississauga mortgage refinance is becoming a popular financial remedy, especially for those who are burdened by large monthly installments or multiple debts. If you are a homeowner in Mississauga, refinancing your mortgage may be a viable solution for you. Here are some of the benefits of mortgage refinancing:

• Helps obtain a lower fixed rate
  The interest on a fixed-rate mortgage that you took several years ago may have dropped drastically. Refinancing your mortgage will allow you to take advantage of the currently lower interest rates, resulting in monthly savings.
• Convert an Adjustable Rate Mortgage into a Fixed Rate Mortgage
  The interest rates on an adjustable-rate mortgage (ARM) might be low initially, but the constant fluctuations of mortgage interest rates can be unpredictable and stressful to plan for. Refinancing your mortgage into a secure, fixed-rate mortgage can provide peace of mind and stability in your budget.
• Consolidating multiple mortgages into one
  Paying the installments of two or more mortgages at the same time can be quite a burden for most individuals. The best solution, in this case, is to consolidate the multiple mortgages into one, with a fixed monthly interest rate and a longer repayment duration.
• Pay off other debts
  The proceeds from your Mississauga mortgage refinance can be used to pay off credit card bills and other similar expenses. And, since mortgage interest is 100% tax deductible, you could end up saving a considerable amount.
• Make cash provisions for emergency situations
  Refinancing your mortgage can provide you with access to a larger amount of cash, depending on your home equity. As a secured loan, the interest rates applied are significantly lower than those of unsecured loans.

Lotus Loans & Mortgages Corp. helps you decide whether it is the right time for a mortgage refinance. This decision should be carefully evaluated to avoid any complications at a later stage. By carefully studying the status of your current mortgage and comparing it to your income and other debts, we help you pick the best mortgage refinance solution that suits your current financial status.

If you are considering a Mississauga mortgage refinance, Lotus Loans & Mortgages Corp. can help.

Our team of experienced professionals can evaluate your current mortgage status, income, and other debts to help you decide if mortgage refinancing is the right choice for you. We offer some of the most competitive rates in the market, and our knowledgeable experts will guide you through the entire process, ensuring you make the best mortgage refinance decision. Contact us today to get started.