Is it worth breaking my mortgage to refinance?

Sometimes. The penalty on a fixed mortgage can be significant, and the answer is pure arithmetic. We calculate the break-even point and show you. If it does not work, we tell you to wait for renewal.

Does debt consolidation hurt my credit?

Usually the opposite. Paying out maxed cards lowers your utilization, which tends to raise scores within a few months. The risk is behavioral, cards that get repaid can get respent, so we talk honestly about that too.

Equity, Consolidation & Better Terms

Mortgage Refinancing

Janice Mejias helps Ontario homeowners refinance to access home equity, consolidate high-interest debt, or secure better terms, comparing options across 90+ lenders before recommending anything.

Call 437-475-4838

Refinancing replaces your current mortgage with a new one, up to eighty percent of your home's value. Done for the right reason, it is one of the cheapest ways to raise money you will ever have access to.

The right reasons are specific. Consolidating credit cards that cost twenty percent into a mortgage that costs a fraction of that. Funding a renovation that adds value. Restructuring after a life change. We run the numbers both ways and tell you honestly whether the math works, including the penalty for breaking your current term.

What you get

Up to 80 percent of value

Access equity without selling, at mortgage rates rather than credit card rates.

Debt consolidation

One payment, lower total interest, and a plan so the cards do not refill.

Penalty math included

We calculate your break penalty first, and if the switch does not pay for itself we say so.

Full market comparison

Your refinance is shopped across 90+ lenders, not renewed by default with your current one.

How it works

Numbers review

Current balance, rate, penalty, and what you want the equity to do.

Break-even analysis

We show the true cost against the true saving before anything is signed.

Funding

New mortgage funds, old one discharges, consolidated debts get paid directly.

Common questions

Up to eighty percent of your home's appraised value, minus what you still owe. On a 700,000 dollar home with 300,000 owing, that is up to 260,000 dollars.

Keep reading

Service

Mortgage Renewals

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Service

Private & Second Mortgages

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Talk it through. Free, in English or Spanish.

A 30-minute call with Janice Mejias, Mortgage Agent Level 1, FSRA #13669. No fees, no pressure.

Call 437-475-4838