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Mortgage Refinance Oshawa

Financial flexibility through Mortgage Refinancing

A mortgage refinance is the perfect solution if you want to access a portion of your home’s equity to renovate your property or consolidate your debt. Mortgage interest rates are lower than traditional unsecured loans, making it convenient to pay all your high-interest debts without any stress. Look no further than 1ONEFUND Financial for mortgage refinance in Oshawa.

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Reasons to refinance your mortgage:

  • It helps you pay off your high-interest debts
  • Significantly reduces your mortgage interest rate
  • Funds can be used to renovate your house
  • The equity can be accessed to make sound investments

When Should You Consider Refinancing Your Mortgage?

  1. For debt consolidation

You can refinance your mortgage and take the funds available in your property to pay off high-interest debts such as credit card bills debts and other outstanding loans. Using your property’s available equity to consolidate all your debt into one single easy monthly payment eases your cashflow, helping you to pay out your debt quickly.

  1. Renovating your property

Renovating your property can be expensive, and taking out a home improvement store credit card is not ideal as the interest are very high. By taking advantage of the equity available in your property, you can quickly pay for your home renovations at a much lower interest rate. A fair portion of mortgage refinancing accounts from home renovations. You can use the equity to renovate your home and pay for labour costs associated with renovating a property.

  1. Improve your cash flow management

Life is uncertain, and sometimes we are faced with unforeseen challenges, such as losing our job, an increase in debt or expenses, and other situations that put us in a precarious position where our cash flow is low. We could have one bad financial year, and it can significantly impact your personal and professional life. As much as we can try to plan for the future financially, we can predict the future at times. One of the straightforward solutions is refinancing your mortgage. The cash derived from your property’s equity can temporarily reduce your financial burden till you improve your financial situation.

4.Pay off your education debt and student loans

With post-secondary education becoming more and more expensive by the year, many individuals look at refinancing their mortgage as a way to pay for their child’s school or university education. It is also a perfect solution to pay student and education loans with a high-interest rate.

5.Buyout your spouse in the event of divorce

Going through a divorce can be very challenging. Identifying how to split your assets can be a delicate matter. If your property is jointly owned, you can refinance your mortgage and use the funds to buy out your spouse, ensuring that the property belongs solely to you.

Book Your Free Consultation Today!

We offer our services to customers throughout Oshawa. 1ONEFUND Financial can help you find the best mortgage refinance option for you, with no hidden fees or little to no prepayment penalty. Give us a call at 1-833-201-3863 to schedule your consultation.

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