Residential refinancing is a useful tool to manage existing debt or raise capital for other investments or opportunities. Whether it’s buying more property, helping your business, or easing your children into the housing market, a refinances can be a useful tool.
The cost and complexity of a refinance can vary significantly based on how many other credit facilities might be involved. A simple refinance where you replace one mortgage with another mortgage from the same lender is straightforward, and involves paying out your prior mortgage and registering the new one on title. A more complex refinance may involve paying out one more existing mortgages, or paying out other debts such as credit cards or other loans, which requires sending payments to numerous third parties.
Whatever your goal for a refinance is Clark Woods is able to help, and provide advice every step of the way.