1. Explore Your Refinancing Options
Whether it’s renovating your kitchen, planning a vacation, or consolidating debt, refinancing can help. Options may include shortening your term, switching from a variable to a fixed rate, or combining multiple mortgages into one.

2. Review Your Credit
Since lenders will check your credit, it’s smart to review it yourself first. A stronger credit score often means better mortgage options. One easy way to improve your score is to keep your credit card balances well below the limit.

3. Let Your Broker Do the Shopping
Your Mortgage Broker will search the market on your behalf to find competitive rates and products. Even a small difference in rate can save you thousands over the life of your mortgage.

4. Gather the Basics
To move forward, your Mortgage Broker will need some key details like your current mortgage balance, lender information, household income, and the estimated value of your home.

5. Compare and Choose
You’ll be presented with different loan options. Together with your Broker, you’ll decide which one aligns best with your goals — whether that’s focusing on the lowest rate, a fixed term for stability, or flexibility with a variable option.

6. Keep Extra Costs in Mind
Refinancing can come with added expenses such as legal fees, closing costs, or administrative charges. Your Broker will review these with you so you can plan ahead.

7. Submit Your Application
Once you’ve chosen your lender, it’s time to apply. Be prepared with documents like proof of income, tax returns, recent bank statements, and a breakdown of your monthly expenses.

8. Enjoy the Benefits
Once everything is finalized, you can move forward with your plans — whether that’s starting renovations, paying down debt, or simply enjoying extra financial flexibility.