Refinance Discussions, Offers & Promotions

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  • Mortgage free or refinance to buy another investment property?

    ... on being mortgage free to kind of shift in another direction. The 5 year term on my coop is ending in less then 2 years and I will need to refinance. Originally my plan was just to refinance the $55k or whatever is remaining at the time and/or just pay off the mortgage as fast as possible. ...

    • pleebent
    • Jun 4th, 2020 12:10 am
    • Forum: Real Estate

  • Anyone ever refinance a car loan from a dealership just to get a lower rate, not because they can't pay it off?

    Sorry, possible dumb question alert. I have a 1.99% loan from BMW that's up in a couple of years with a balloon payment at the end. I can comfortably pay it off but took the loan hoping to beat the 1.99% through investments (jury's still out on that after what COVID has done to the market but we'll ...

    • ovaltene
    • May 14th, 2020 2:35 pm
    • Forum: Automotive

  • Web/ electronic Notary service for Refinance

    Myself and my wife are Canadian citizens working in US on TN visa. We are in process of refinancing of our Canadian home With TD. We electronically signed the documents sent by bank. The bank sent the documents to the lawyer and lawyer wants us to sign in her presence. Since we are in US and can’t t...

    • cooltoronto
    • Apr 21st, 2020 10:31 pm
    • Forum: Real Estate

  • Refinance and Rental - Fixed/Variable

    What are the current rates on a Rental property with a refinance?5yr fixed and 5 yr variable

    • deluxster
    • Apr 13th, 2020 7:44 pm
    • Forum: Real Estate

  • Refinance Options

    ... I have a pre construction closing on early August and I plan to close it without mortgage on the title. I am short of $150,000 now. So I plan to refinance my TD mortgage property If I want to refinance with TD, do I need to pay admin/legal fee? Which one is better? blend rate on the blend mortgage ...

    • oajlu
    • Mar 31st, 2020 5:20 pm
    • Forum: Real Estate

  • Refinance or Wait to Renew

    My mortgage broker contacted me asking if I’m interested in a refinance? My current mortgage term ends next November 2021. I currently have a 5 yr fixed at 2.39%. I assume the only reason to refinance would be if the rate was much lower than my 2.39? Would ...

    • Topher86
    • Mar 31st, 2020 5:42 am
    • Forum: Real Estate

  • Breaking mortgage to refinance after property value drops

    ... that was originally worth 500k and that I have a mortgage of 400k. Now, the property is worth 300k, and I want to break my current mortgage and refinance to get a lower interest rate. Would I be owing the bank money before the refinance can go through? Or would that new interest rate simply ...

    • dc200
    • Mar 20th, 2020 7:42 pm
    • Forum: Real Estate

  • Mortgage due for renewal Feb 2021 - Should I try to refinance now?

    Hey Folks, My mortgage is due for renewal next year, Feb 2021, once my 4 year fixed ends. Given the current situation, am I better off waiting closer to the renewal date or shop around now? My wife and I have not yet been affected by COVID-19. I have the ability to work from home. She's a flight att...

    • najibs
    • Mar 19th, 2020 10:13 am
    • Forum: Real Estate

  • Refinance Or Not? Condo In Search Of House

    Condo home owner (1st time), mortgage on condo is very little but has many years left. Looking to move into a house. It's been suggested to refinance the condo as an investment property and use the 80% of the refinance value as a down payment on the new property. My concern is, even with the ...

    • DaVibe
    • Mar 3rd, 2020 7:29 pm
    • Forum: Real Estate

  • Should I sell or refinance my current home and turn it into a rental?

    ... remaining. Bought a new construction detached home that is closing in April for 1.05 million with 90k already downpayment. I have 3 options: 1) Refinance the current home and turn it into a rental property. Its close to a Go-station and good neighborhood. Assuming the value to be 750k I could ...

    • mb7057
    • Jan 7th, 2020 5:59 pm
    • Forum: Real Estate

  • Refinance or Home equity LOC..which is better?

    ... on calculation i have equity on home around 60k. Now i am thinking about buying bigger home but not sure which option will give maximum leverage...refinance or HELOC? I am not planning to sell old house. I am thinking about keeping it on rent.I will be cash flow positive of $300-$400 on that property ...

    • bhushh009
    • Nov 23rd, 2019 9:05 am
    • Forum: Real Estate

  • HELOC for investment purposes - second position or refinance with a readvanceable HELOC

    I would like to obtain a HELOC for investment purposes (mainly for down payment towards a rental property). We are only on our first year of our term with our mortgage (5 yr fixed, 2.49%). Should I look in to a second position HELOC or consider refinancing, pay penalty (~$2500), forgo our low rate a...

    • YPM604
    • Nov 19th, 2019 5:01 pm
    • Forum: Real Estate

  • Cash out refinance

    Hello all, currently in the process of getting a cash out refinance. I want to pay off a bit of debt and then use the money for investing. Is there a way to put a certain amount of the cash out into an account so that I can claim the interest paid on ...

    • Realister
    • Nov 12th, 2019 8:20 pm
    • Forum: Investing

  • unusual Refinance Mortgage question

    Good morning, This is a bit of a weird question that I'm hoping someone can answer. I have a habitat for humanity house that I've been in for 5 years. I've paid down the principal over 60k in that time. However, in the last 5 years I have incurred debt, being a single parent paying a mortgage that's...

    • Char1sma
    • Sep 10th, 2019 11:27 am
    • Forum: Real Estate

  • Refinance Rental Property Tax Implications

    Hello, If I refinanced my rental property to a higher amount (bought 6 years ago) and took the cash out of only what I put in as the down payment, would I still be able to deduct interest on the full refinanced portion? My understanding is if you use the money from refinancing for personal use (e.g....

    • slickrick23
    • Aug 22nd, 2019 12:05 pm
    • Forum: Real Estate

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