What is Home Refinancing?
Refinancing a mortgage is a way to pay off an existing loan and replace it with a new one. Home refinancing helps you to renegotiate your existing mortgage loan agreement and is traditionally used to access the equity or to lower borrowing costs by taking advantage of a lower interest rate and lowering monthly payments.
There are many reasons homeowners consider refinancing: to obtain a lower interest rate, purchasing a property, to consolidate debt or to change the terms of their mortgage.
How we can help
At Canada West Mortgage, we can help you refinance your home through traditional institutions or alternative lending. We help you tap into the equity of your current mortgage as a secure way to gain access to the funds you need. Regardless of your credit profile, we can assist you in getting you approved.
Apply Online
Easily apply for financing online
Submit Documents
Review, sign and deliver application documents
Get Approved
Receive approval today
How you can qualify
Property - The first factor we look at when approving you for a home refinancing options is if you own a residential property, land, or a commercial building.
Equity - In order to calculate equity, we subtract the total amount left on your mortgage from the total value of your property.
Credit Score - We specialize in approving individuals with any credit background. Good credit is not required in order to be approved.
Call UsEmail UsFrequently Asked Questions
How do I apply?
You can apply online by filling in the form above.
How soon will I be approved?
Canada West Mortgage has same day approvals.
I don’t own a property. Can I still apply?
Home refinancing requires that you own a property to access its equity.
How quickly will I receive the funds?
As soon as we receive your signed documents upon approval, funds will be paid out within 24-48 hours.
How does repayment work?
To determine a repayment plan, we look at you financial needs and goals to find a solution that works for you.
