The Mortgage Network

Equity Take Out Financing

• If you have equity in your home you may be able to refinance your property up to 90% [as per the CMHC/GEMI Refinance Program] of the appraised value for any of the following purposes: consolidate consumer debt, investments, purchase revenue properties, vacation properties, or complete renovations to your home.

• This process does require a credit application and credit bureau report.

• We will require information on your original purchase and property details.

• A lawyer will be required to prepare a new mortgage and register it at the Land Title Office, this is at the borrowers expense.

• When interest rates are low this is a good way to maximize the equity in your home.



Equity Take Out Financing • If you have equity in your home you may be able to refinance your property up to 90% [as per the CMHC/GEMI Refinance Program] of the appraised value for any of the following purposes: consolidate consumer debt, investments, purchase revenue properties, vacation properties, or complete renovations to your home. • This process does require a credit application and credit bureau report. • We will require information on your original purchase and property details. • A lawyer will be required to prepare a new mortgage and register it at the Land Title Office, this is at the borrowers expense. • When interest rates are low this is a good way to maximize the equity in your home.
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