Absolutely! With interest rates at record lows this has become a very popular thing to do. You can refinance your home but some lenders have a cap on how much equity you can take out at one time.
Frequently Asked Questions
Our goal at CanQuest Mortgage is to provide prompt and knowledgeable service. You can expect a reply with 2 hours.
Collateral Mortgages: The amount registered on title is usually more than you received at the time you took out your mortgage. The lender registered 100% - 125% of the value of your property. The reason why the lenders do this is to promote the benefit that is would be more cost effective for you not having to register a new charge each time your request money for renovations, debt consolidation, vacations and property investments.