Loewen Group Exclusive: FREE REFINANCE Program
Did this holiday season leave you with maxed out credit cards?
Did 2014 renovations and travel plans leave your Line of Credit with $ still owing and you just can’t seem to make a dent in paying it down?
If so, we can help. At the Loewen Group, our goal is to lower your interest rates, so you are giving less money to the banks, and increasing your cash flow. This means in 2015 you could have less debt and more money in your pocket where it belongs.
How is this possible? If you are a homeowner, your home is your largest asset and refinancing can benefit you by consolidating your debt and increasing the money you have available each month at no cost you.
(Refinancing process explained and simplified here for you.)
How can we offer FREE refinancing? We have established relationships with lenders across the country, negotiating this exclusive deal and have resulted in what we believe to be the best home refinance loan experience in Canada.
At your bank or another broker, typically refinancing would 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 snuck it into the interest rate to cover the costs.
Right now refinancing doesn’t cost you anything, but what does it help you gain?
Take the example of Mr. Jones. Before refinancing he had a monthly mortgage payment of $1200, a car payment of $400, a credit card interest payment of $350 and a line of credit payment of $100(interest only so isn’t being paid down further). It cost him $2050 a month with four different payments. After refinancing, he has one payment of $1750 a month, has his credit card and line of credit debt paid off andhas $300 of extra money in his pocket. He is putting this toward his RRSP and is now planning to retire earlier.
The fine print: Refinancing must be complete by March 31st 2015. We are still bound by refinancing rules and can only go up to 80% loan to value on your home (this means that 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 it doesn’t come out of your pocket.