Refinancing your mortgage means paying off the old loan and getting a new one from the same lender or a different one, with different terms and conditions. People do this for a few big reasons: to get a lower interest rate, take out money from their home, fix up their house, or put all their debts together.

Refinancing can help you save a lot of money by making your monthly payments smaller or reducing the total interest you pay over time. However, the rules and conditions for refinancing can change depending on the lender and your money situation. If you want to know more or have questions about changing your mortgage, just give Gary Hundal Mortgages a call soon.