Is your current mortgage plan your best financing solution for your lifestyle? Canadian mortgage rates continue to be at ultra-low levels recently and the potential to refinance might be a cost friendly move at these unprecedented low rates. If you have ever thought of refinancing your mortgage or accessing your home equity, this could be the time to take a closer look.

This is an opportunity for a homeowner to renegotiate their current mortgage plan and refinance at a new rate or new terms. There could be several benefits such as lowering your current monthly mortgage payment or to access the built up equity from your home for the betterment of your personal finances or home improvement projects. Generally speaking, a homeowner can potentially access up to 80% of their home’s appraised value.