There are many reasons you may decide to refinance your property. Perhaps you want to take advantage of lower interest rates, make some investments, buy a second property or start a business. Whatever the reason, borrowing against your home is an excellent way to access money, as mortgage interest rates are significantly lower than other means of borrowing.

Interest rates in Canada are at one of the lowest points in decades, but that doesn’t guarantee they’ll stay there. If you have been considering refinancing your property, now may be the right time to do so. By refinancing your mortgage now, you may be able to:

  • Lower your monthly payment
  • Consolidate your consumer debt – lower interest expense and increase your monthly cash flow
  • Reduce your amortization and pay off your mortgage years sooner, or extend it to manage monthly bills easier.
  • Save thousands in interest over the life of your loan.
  • Start a business, take a trip, pay for University or College… It’s your money, you decide.

Mortgage refinancing is, without a doubt, one of the best ways to borrow money because of the lower interest rates offered on mortgages. If you would like to explore your options and determine whether or not a refinance makes sense for you, give me a call. I am always happy to discuss your options and may be able to suggest some additional cost-saving strategies.


Like most of us, you probably have a car payment, some credit cards, and maybe some personal loans. The month to month cost of all these debts combined can make it very difficult to get ahead, as all you end up doing is paying the interest or “minimum balances” of the loans.

Using the money in your home to consolidate all of your debt is a winning solution. Combining your debts and adding them onto your mortgage, also known as refinancing, has several advantages.

For one, the interest rate and amount of interest you pay, is overall lower. Interest paid on credit cards can range from 10% to as high as 29% interest! This rate is compounded monthly as opposed to the semi-annual compounding period you get with a mortgage.

Perhaps the biggest advantage though is the monthly payment. By adding your debts to you mortgage, you can capitalize on a very low monthly payment. This can often give you the breathing room needed to put a plan in action and really start paying off your debt and starting a savings plan.

By consolidating your debts you can save thousands each year in interest alone. You will keep your credit rating in good shape by not missing any payments and eliminate late fees and penalties.

With interest rates still near an all time low, it just makes sense to consolidate all of your debt.

Mortgage Services Include: First Time Home Buyer Mortgage | Investment & Vacation Property Mortgage | New Construction Mortgage & Infill Financing | Refinance and Debt Consolidation Mortgage | Self-Employed Mortgage

Tower Mortgage - Indi Mortgage offers Refinance & Debt Consolidation Mortgage Services to clients across Edmonton, Sherwood Park, St. Albert, Fort Saskatchewan, Spruce Grove, Stony Plain, Devon, Leduc, and the surrounding areas.

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