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PARLONS
REFINANCEMENT HYPOTHÉCAIRE
How does a mortgage refinance work?
Whether it is to increase the current loan, to obtain a line of credit or to obtain a better interest rate, the notary will accompany you in the signature of your refinancing.
Refinancing consists of signing a new mortgage according to the desired terms and repaying the old one according to the balance that we will have obtained. The new mortgage will be published in the land register and the old one will be cancelled.
Why use mortgage refinancing:
In a refinance, the debtor will get the equity in their property, which is the difference between the value of the property minus the current mortgage balance.
Here are several reasons to refinance your property:
Renovations
Travel
Studies of your children
Line of credit
Retirement
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