Existing mortgage
Refinancing mortgages with Team Active Mortgage
Refinancing replaces your current mortgage with a new one, often to tap home equity. People use it to consolidate debt, renovate, or help family. Our brokers check your prepayment penalty and closing costs first, so you only refinance when it makes sense.
Who this is for
- Homeowners carrying credit card or loan balances
- Owners planning a renovation or large expense
- Anyone wanting to restructure their payments
How our brokers help
- Estimate your available equity and penalty
- Compare refinancing with alternatives like a HELOC or second mortgage
- Show the before-and-after monthly picture
Common questions
How much can I borrow when refinancing?
Lenders usually cap refinances at a percentage of your home's value. Your broker will confirm the current limit for your file.
Will I pay a penalty?
If you break your term early, often yes. Try our penalty estimator, then confirm the exact figure with your lender.
Is debt consolidation worth it?
It can lower monthly payments, but stretching debt over a longer period may cost more overall. We'll show both sides.
Related services
Ready to talk it through?
Book a no-obligation call or start a short pre-application.