Refinance | Ralph Prospero

By: Ralph Prospero  09-12-2011
Keywords: Mortgage, credit card, refinance

Mortgage refinance is becoming a popular financial remedy, especially for those who are burdened by large monthly installments or multiple debts. Mortgage refinance can prove beneficial in several ways:

  • Helps obtain a lower fixed rate
    The interest on a fixed rate mortgage that you took several years ago may have dropped drastically. Refinancing the existing mortgage will entitle you to avail of the reduced interest rate.
  • Convert an Adjustable Rate Mortgage into a Fixed Rate Mortgage
    The interest rates on an adjustable rate mortgage (ARM) might be low initially, but the fluctuations are unpredictable. Many find these constant variations in the interest rate taxing and prefer to refinance the mortgage into a secure, fixed rate one.
  • Consolidating multiple mortgages into one
    Paying the installments of two or more mortgages at the same time can be quite a burden for most individuals. The best solution in this case is to consolidate the multiple mortgages into one, with a fixed monthly interest rate and a longer repayment duration.
  • Pay off other debts
    The proceeds from your refinanced mortgage can be used to pay off credit card bills and other similar expenses.
  • Make cash provisions for emergency situations
    You can refinance your existing mortgage to free a larger amount of cash, depending on your home equity. Since a mortgage is a secured loan, the interest applied is considerably lower than that of an unsecured loan.

VERICO Designer Mortgages Inc. helps you decide whether it is the right time for you to refinance. The decision to refinance should be carefully evaluated to avoid any complications at a later stage. By carefully studying the status of your current mortgage and comparing it to your income and other debts, we help you pick the refinance solution that best suits your current financial status.

VERICO Designer Mortgages Inc. offers some of the lowest and most competitive mortgage refinance rates in the market. Regardless of your requirement, whether it is to consolidate existing mortgages or obtain a better rate, we get you the best deal possible. Our experienced mortgage professionals, who have extensive knowledge of the mortgage industry, will provide the necessary guidance that you need in making the right refinance decision.

Call Today! 1-877-543-2023

Keywords: credit card, Credit Card Bills, Interest Rates, Mortgage, refinance,

Other products and services from Ralph Prospero


Commercial | Ralph Prospero

The industry is moving towards securitization as an alternative to the traditional balance sheet lending of the big banks and insurance companies. With the addition of these new players, and the move towards increased securitization, the Canadian commercial mortgage market is set to grow. Securitization is leading to a greater availability of funds and greater flexibility in the types of properties that can be mortgaged.


Home Buying | Ralph Prospero

Buying a home is one of the biggest emotional and financial decisions you’ll ever make, so prepare yourself to make a knowledgeable decision today. Although it is nice to think about the positive aspects of owning a home, it is just as important to consider the difficulties as well. It’s the change of your house becoming your home and the spot where all your memories will be built in the future.


Pre-Approval | Ralph Prospero

The pre-approval is based on the information you provide to us in your application and is subject to verification of conditions such as employment and down payment verification. As an experienced mortgage agents I can help you get a home loan pre-approval, and secure the right amount to ensure you have as much buying power as your budget can afford.


Home Equity | Ralph Prospero

Whether you want to refinance your existing mortgage or make use of your Home Equity for any purpose that you desire, the decision to refinance requires proper planning and consideration of several factors. From consolidating several debts into one, to lowering monthly payments and getting ready cash-in-hand, refinancing was never this easy.


Services | Ralph Prospero

Whether you are a first time homebuyer or are looking to refinance an existing mortgage, we provide you with the best, personalized solutions to fulfill your financial requirement. New Home Financing § Refinancing Existing Mortgages § Mortgage Renewals § Home Equity Loans § Mortgages for Self-Employed § 2nd Mortgages § Line of Credit § Debt Consolidation.


Renewals | Ralph Prospero

Your home equity grows over a period of time and by decreasing your principal loan balance, you are in a good position to negotiate. Pay off existing debts, clear high-interest credit card bills, renovate your home and do a lot more after renewing your mortgage. While renewing your mortgage, you are in a stronger financial position as compared to where you were before.