Canadians face many reasons to refinance their mortgage.
In a low interest rate environment, owners are using this time to refinance their homes.
Refinancing is a good option for:
Refinancing is a great option if you have been working at improving your credit score and now qualify for a new mortgage. They may offer you a better discount at this time. You could also choose to stabilize your payments by changing from a variable rate mortgage to a fixed rate.