Mortgage Refinance
Lower your rate. Reduce your payments. Access your equity. Refinancing your mortgage with DC Home Mortgages could save you thousands.
A refinance is when a new mortgage lender pays out your current mortgage and increases the amount owing. We specialize in helping our clients use the equity in their home to refinance their mortgage and debts at a lower rate and substantially lower monthly payment. We have access to a wide variety of lenders - from Banks and Trust Companies to Mortgage Investment Corporations and private lenders from across Canada - and it is our job to find the best mortgage suited for you.
Key Benefits
We Find You the Best Rate
Most clients assume their bank is offering the best rate. It is our job to know which lender will offer you the best rate - and we do.
Lower Your Monthly Payments
A lower rate or extended amortization can meaningfully reduce what you pay each month and free up cash flow.
Debt Consolidation
Roll high-interest debt like credit cards and car loans into your mortgage at a much lower rate.
Penalty Analysis Included
We calculate your prepayment penalty upfront so you know the true cost and benefit of refinancing before making any decision.
How It Works
- 1
We review your current mortgage - rate, term, lender, balance, and any penalty for breaking early.
- 2
We calculate the potential savings against the cost of refinancing to confirm it makes financial sense.
- 3
We source the best available rate and product from our lender network and present your options.
- 4
We manage the application, appraisal if required, and closing so the transition is seamless.
Frequently Asked Questions
When can I refinance?
Most mortgages in Canada can be broken at any time with a penalty. It all depends on your current interest rate, debt load, and monthly payments. We are here to help assess the overall situation including your penalty. More often than not it makes sense for our clients to break their mortgage and pay the penalty - our goal is always a lower interest rate and monthly payment.
Who qualifies for refinancing?
Every client and situation is unique. We understand your credit and employment situation is not the same as your neighbour or family member. After a quick consultation we will be able to assess your situation and discuss how we can help.
How quickly can I refinance my mortgage?
We have lenders prepared to work with us and close your file within 2-3 business days. During your first call with us we will be able to let you know if this timeline is realistic for you. Our experience and understanding of the industry is why you want us on your side.
How much equity can I access when refinancing?
In Canada, you can refinance up to 80% of your home's current appraised value. The amount available depends on your outstanding mortgage balance.
Get a Free Quote
Tell us your situation and we'll find the best option for you.