Loewen Group Mortgages – James Loewen – Milton Mortgage Broker

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The FREE REFINANCE Program from Loewen Group

Loewen Group’s FREE REFINANCE Program is back by popular demand!

We are proud to now offer this refinance program on 3-5 year fixed rates & 5 year variable rate mortgages!

Do you have mounting credit card debt?

Did summer plans & the winter blues leave your Line of Credit with money still owing and you just can’t seem to make a dent in paying it down?  

Is 2016 full of big life changes that will require some extra money and access to equity in your home?

We can help and have answers to all those finance questions for you! At Loewen Group, our goal is to lower the amount of interest you are paying, so you are giving less money to the banks, and increasing your cash flow. We want you to have less debt in 2016, lower interest payments and more money in your pocket where it belongs.

How are we able to keep more money in your pocket? If you are a homeowner  then your house is your largest asset and by accessing the equity in your home can benefit greatly. By consolidating your higher interest debt into one monthly payment then we can increase the money you have available each month at no cost you. 

How does the refinancing process work? Refinancing process explained and simplified here for you.

Why is Loewen Group able to offer this exclusive program? We have established relationships with our lenders across the country which has enables us to negotiate this exclusive deal which has resulted in what we believe to be the best home refinance loan experience in Canada.

At your bank or with another broker, refinancing your mortgage would typically involve fees around $1700, but right now, we can do this at no cost to you.

Discharge / transfer fee from existing lender: $400 – You pay $0

Lawyer fees:                                                   $1000 – You pay $0

Appraisal:                                                        $300 – You pay $0

That’s $1,700 in fees avoided – and NO we have not added any hidden fees or increased the interest rate to cover these costs.

SO – right now refinancing doesn’t cost you anything, but what does it help you gain?

Lets look at Mr. Sampson as an example. He currently has a monthly mortgage payment of $1200, a car payment of $400, a credit card interest payment of $350 and a secured line of credit payment of $100 (that is interest only so hasn’t been paying it down further).  This is costing him $2050 a month with four different payments.  After refinancing to take equity out of his home, he now has one payment of $1750 a month, has his credit card and line of credit debt paid off and has $300 of extra money in his pocket at the end of the month. Mr. Sampson has been putting this toward his RRSP and can now retire earlier.

The fine print: We are still must obey refinancing rules & regulations and can only go up to 80% loan to value on the appraised value of your home (meaning we can only refinance up to 80% of your home’s value). If there is a breakage fee or penalty charge on your mortgage you will be responsible for this amount BUT we can roll it into your new mortgage so you don’t need to worry about having that fee up front.

About the author...

Here to help inform, educate and represent you in the home financing process.

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© 2015 Loewen Group in association with Serious Monkey. James Loewen Lic. # M0800338, Loewen Group LIC#12268.

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Monday - Friday: 9am - 5pm
Saturday & Sunday: 5pm - 8pm, By Appointment

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Office: +1 289-270-1586 james@loewengroup.ca
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