Mortgage Refinancing

When traditional banks and credit unions can’t refinance your mortgage, you are not out of options.

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Mortgage Refinancing is the replacement of the outstanding loan on your home with a new loan

There are many reasons a homeowner may choose to refinance their mortgage, including:

  • Obtaining a lower interest rate
  • Renegotiating a shorter term
  • accessing the equity in your home to pay for financial emergencies, consolidate debts into a single loan, or to cover life issues such as a child’s tuition or a wedding

In many cases, refinancing a mortgage can be a wise decision. Graeme and his team are unbiased professionals who will offer advice that will help you decide if refinancing is the correct solution for your situation. We can offer alternatives if it is not.

Things you should know about Mortgage Refinances

In general, a person who owns property will have an easier time securing a refinance than a first-time buyer. Refinances are easier to obtain when there is more equity in the home, though it is common to procure a refinance for up to 80% of a home’s value.

As with applying for any other loan, a person’s income and credit score are important. It is also critical to think about the affordability of the new monthly debt payouts that will arise from the new loan.

Alternatives to Refinances

When a mortgage refinance is not the best option for you, we can offer advice on similar alternatives that may meet your financial goals.

Second Mortgages

Home owners can sometimes obtain a second mortgage in order to avoid refinancing. Learn more (link to second mortgage page)

Opening a Line of Credit

When a person’s main motivation for a refinance is to borrow money, it may make sense to see if you first qualify for a line of credit (LOC). An LOC is an unsecured loan (i.e. one that does not require collateral in case of default) and will allow you to borrow money and repay it on your own terms.

Refinancing your mortgage is a decision that must be thought through carefully. Get in touch with one of our associates to discuss your situation before taking on a refinance. We would be happy to guide and advise you along the way.

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The Graeme Moss Solution

If you have a difficult situation that requires private financing, don’t give up! There may be a solution for you.
Contact us today for a free, confidential review of your situation. We are here to help.

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People we’ve helped.

  • I first met Graeme over the phone when we were living in Hamilton and finding it difficult to make our payments. He was so helpful and we knew he genuinely wanted for us to be successful. Ever since, we have gone to him when purchasing a new home or refinancing because we trust him and we know he cares. He always goes above and beyond to help us when we need it. We went from struggling to make payments to living in our dream home in a few short years.  I truly believe that it is because of his knowledge and passion for helping people build their futures that we are where we are today. Thank you, Graeme!!

    M. V. Hamilton, ON

  • Thank you Graeme, for everything you did to help us with our mortgage, for your patience with my questions and professionalism. We truly appreciate yours and Deborah’s efforts on our behalf.  We’ll be sure to recommend you to anyone we know who needs help like we did. Thanks so much for everything.

    J. M. Hamilton ON

  • Graeme Moss has provided stellar customer service and was a key player in ensuring due diligence. It was both a pleasure & very professional dealing with Graeme when I turned to Fair Mortgage Solutions seeking an interim solution.  He, once again was very accurate in advising me, he is not a lawyer. What prompted me to negotiate the legal fees was associated to why this crucial “matter” between legal departments was not finalized in 2017.  Moving forward, Graeme’s diligence directed me immediately to the right department. Your department honoured negotiating and we established completion of the task at hand, the Discharge of the MTG. Thank you!

    K. W. Burlington, ON

  • We refer clients to Graeme who are either having serious financial issues, or are recovering from a bankruptcy or proposal filing. They are challenging situations. I can count on Graeme to treat people with compassion and respect. I trust that if there is a mortgage solution to be found, Graeme will make it happen. He truly cares about people and helps them to succeed.

    Christine Zuk President, Vine and Williams Inc.

  • You and your team are awesome. You truly care and you saved my life. Thank you.

    A.W

  • This is great. We were so worried. Hearing how others helped who were in a similar situation. This is a godsend. We appreciate the roadmap. Glad it is within 3 days. The advice free, can’t go wrong.

    H.H Mississauga

  • My wife and I were stunned at the speed you got this done. The fee was very low. We are thrilled. Thank you for your help!

    D.H. St. Catharines

  • You guys are friggin awesome! We feel so happy. Thank you so much.

    S.R. Oshawa

  • You have been a godsend. An absolute godsend. I can finally sleep at night. My children thank you. We have 6 options instead of being forced what to do.

    L.E. Mississauga

  • I'm a first time home buyer and had a very positive experience working with Graeme Moss, he gave good advice and made the process very easy.

    G.F.