REFINANCE YOUR MORTGAGE.

LET US HELP YOU NAVIGATE YOUR REFINANCING OPTIONS.

Speak to one of our licensed mortgage brokers today and learn about all your refinancing options!

WHAT IS MORTGAGE REFINANCING?

Refinancing a mortgage replaces your current mortgage with a new one. This includes a new term and interest rate. You can also renegotiate a longer amortization and access additional funds. This allows you as a homeowner to access as much as 80% of the appraised value of your home.

Mortgage Design Group Inc. is here to guide you through the entire process.

WHY WOULD YOU CONSIDER REFINANCING YOUR MORTGAGE?

Reducing your interest rate to lower monthly payments.

Access your home’s equity to help finance large projects or purchases.

Increase the amortization to reduce payments.

Consolidate high-interest credit cards or other consumer debt.

WHAT TO CONSIDER WHEN REFINANCING.

When refinancing a mortgage during a term, there are generally some costs involved: an appraisal and payout penalties are all possible additional costs. Our agents will explain in detail the costs you may incur and advise you on the best products that may help mitigate some of these fees.

Above all else, we pride ourselves on ensuring that our clients have access to the best products and save thousands of dollars in interest.

SEE US IN ACTION.

One of our clients recently approached us to refinance her mortgage so she could lower her monthly debt load. By accessing the equity available in her home, she was able to pay out a car loan, eliminate all credit cards and lines of credit, and still had some funds remaining to put towards a roof.

By refinancing her home up to the maximum 80% of the appraised value and increasing the amortization to 30 years, she was able to make her monthly payments much more manageable. Here’s how the new mortgage funds were dispersed: 

Appraised Value of the Home – $280,000

New Mortgage Amount – $224,000

Payout Current Mortgage and Penalties – $132,000

Lawyer and Legal Fees – $2,000

Car Loan – $30,000

Credit Cards and Line of Credit – $30,000

Total Paid Out – $194,000

The remaining amount of the mortgage, $30,000, was transferred to the client, who was able to replace the roof and invest additional money into a retirement plan. Most important to our client was that she was able to reduce her monthly payments from $1,450 to $950 by eliminating her high-interest credit card and large monthly car payment.

That’s one happy client!

CONTACT US.

Contact Mortgage Design Group today to get started on your mortgage application!

(403) 942-4099

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Quick Response Time.

We respond to all submitted inquiries quickly! There is no more need to worry about wondering where things are at or if someone will get back to you!

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Free World Class Experience.

Getting excellent service might be rare these days but at Mortgage Design Group Inc. providing world-class service is non-negotiable!

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Wide Variety of Vendors.

With a wide variety of lenders to choose from, our clients know they have options when it comes to getting the right financing.

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Professional Licensed Brokers.

All our mortgage brokers are fully trained and licensed! This means our clients know that they are talking to qualified experts.

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Easy Online Service.

We want to make mortgages easy and accessible to everyone, and that's why we don't let ourselves be limited to our offices. 

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Trusted Partners.

Our priority is to build long-term relationships. Whether you're a first-time buyer or buying your third property, it's important you know we are here to help.

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