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Get cash

If you are already a homeowner and would like to take on some new projects, your mortgage is a practical way to finance what you have in mind, such as home renovations, the purchase of another dwelling or financing your children’s education.

Get cash in just 5 easy steps

  1. You discuss your needs with your advisor. 
  2. We evaluate the current value of your property. 
  3. We calculate the amount available. 
  4. We update and analyze your file.
  5. We confirm your new loan.

Refinancing

Refinancing is when you replace your current mortgage with a new one so that you may pay off the existing mortgage and use the additional funds to finance your projects.

Refinancing is when you replace your current mortgage with a new one so that you may pay off the existing mortgage and use the additional funds to finance your projects.

The amount of your new mortgage equals 80% of your property value minus the balance of your current mortgage.

It is a more cost-effective solution than a personal loan because it offers lower interest rates.

The new advance (Quebec only)

The new advance allows you to add to your existing mortgage by using principal that has already been repaid.

The new advance allows you to add to your existing mortgage by using principal that has already been repaid.

The new amount borrowed cannot exceed the principal repaid on your mortgage and must be at least $10,000.

It is a faster and more cost-effective solution than refinancing because you do not require the services of a notary.

Advantages

Using your mortgage to increase your liquidity not only helps you to complete your projects, it also helps to improve your overall financial situation.

Using your mortgage to increase your liquidity not only helps you to complete your projects, it also helps to improve your overall financial situation.

To renovate

Improvements that you make to your home increase its market value, which in turn results in a return on your investment.

To consolidate your debt

Mortgage interest rates are generally lower than personal lending rates. By consolidating your debt, you reduce the amount of your payments, benefit from a better interest rate and erase your financial burden.

To invest

Interest earned from profitable investments or your RRSP are generally higher than the interest you pay on your mortgage. As such, you borrow at a lower rate than with a personal loan and can realize a gain to improve your financial situation.