Services · Refinancing
Restructure your mortgage to match where you are now.
Refinancing rewrites your existing mortgage — usually to consolidate high-interest debt, unlock equity, or lower your monthly cost as life changes.
When refinancing makes sense
- Rolling credit card, line of credit, or car loan debt into one lower payment.
- Funding a renovation without touching your investments.
- Pulling equity for a down payment on an investment property or a family gift.
- Breaking a high-rate mortgage early when the penalty math still comes out ahead.
- Restructuring after divorce, career change, or retirement.
What we look at
- ·Current rate, term remaining, and prepayment penalty
- ·Total interest cost of staying vs. breaking
- ·New amortization and monthly cash flow impact
- ·Whether an equity take-out or blend-and-extend fits better
Rules to know
- ·Refinances are capped at 80% of appraised value
- ·Amortization can extend up to 30 years on uninsured refis
- ·Legal, appraisal, and title costs typically run $1,000–$1,800
- ·Penalty to break a fixed mortgage is usually IRD, not just 3 months' interest
The checklist
Documents required
A refinance file layers your income, your existing property, and anything you're paying out or pulling equity for. Bring what you have — we build the rest.
Select the category that best describes your income:
If you're an employee (T4)
- Letter of employment on company letterhead — dated within 30 days, showing role, start date, salary/hourly rate, guaranteed hours, and probation status
- Two (2) most recent pay stubs (year-to-date visible)
- T4s for the last 2 years
- Notices of Assessment (NOAs) for the last 2 years
- CRA proof of no tax arrears (My Account screenshot or Statement of Account)
Commission, bonus, or overtime income requires a 2-year average from T4s / T1s.
Identification
- Two pieces of government-issued ID (one photo) for each borrower
- SIN (for credit bureau consent — not written on any documents)
- Current residential address and 3-year address history
Your current property
- Current mortgage statement (balance, rate, maturity date, penalty)
- Most recent property tax notice — paid up to date
- Home insurance policy declaration page
- For strata: current Form B and monthly fee confirmation
- Recent BC Assessment or appraisal (if available)
Debts being consolidated
- Current statements for every credit card, LOC, and loan being paid out
- Payout letters showing per-diem interest and 10-day payoff amount
- Void cheque for the new mortgage payment
If you own rental property
- Signed lease/rental agreement for each unit
- T1 Generals (last 2 years) showing rental income on the T776
- 3 months of bank statements showing rental deposits
- Mortgage statement, property tax notice, and insurance for each rental
Send documents as PDFs or clear photos. Everything is transmitted through the secure DLC portal — nothing sensitive over email.
Ready when you are
Start with a conversation.
No credit pull, no pressure. Applications never trigger a credit check without your explicit consent.