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our Mortgage Centre specialist can help guide you through the options of leveraging the equity that you've created in your home.
Here are some advantageous ways to maximize the use of your equity:
But first you\'ll need to calculate how much equity you have in your home. Meaning, the price for which your home could be sold on the market today, less any debts registered against the property, such as mortgages and secured credit lines.
Here is a basic calculation to help you determine your amount of equity:
Current market value - all debts registered against it = Available Equity
You may qualify to refinance up to 85% of the value of your home.
Here are some questions to ask yourself when determining how much equity you should leverage:
Your local Mortgage Centre specialist will review all the options available to you, taking into account your financial goals, future and current lifestyle needs, and personal preferences to help you determine the right strategy for you. Call today to get started.Talk with us today!
Whether you are first-time buyer or an experienced buyer with excellent credit, The Mortgage Centre has access to the very best products and rates available across Canada. Give us a call… we think you’ll be pleasantly surprised!Learn More
Through training and certification, we have a good understanding of available products, features, and rates. We are here to keep your mortgage moving forward with our Mortgage Market technology, we have electronic access to various major lenders in Canada, so you’re not tied to one lender or one type of mortgage.Learn More
We understand that mortgages can be confusing and intimidating. To help demystify the process, The Mortgage Centre provides a glossary and a variety of free calculators to assist you in researching, and planning your mortgage.Learn More