Whether you are looking to consolidate your outstanding debt, would like to combine existing mortgages, need money for renovations & home improvements, need money for investment purposes or investing for retirement, or you’re planning the trip of a lifetime. During your mortgage term, you may find that your current mortgage no longer meets your needs, or if interest rates have gone down.

These are some of the reasons you might want to refinance or increase your current mortgage and change its conditions. At M.I.T we can explore solutions to help free up the cash you need to make your dreams a reality.

As a home owner you’ve got equity in your home. Why not use it to increase your home equity and take less expensive debt in the form of a mortgage.

Unsecured debt involves higher risk of loss in case of default; therefore most mortgage rates are priced at a lower rate than unsecured debt. The benefit of using your home equity is the low rate versus unsecured debts that usually come with high rates. By taking advantage of your home equity, you can save money simply because there is a difference between the mortgage rates and the unsecured rates, by a significant margin. You can refinance your mortgage up to 80% of your home equity and take advantage of the lower mortgage rate to pay off more expensive debt, such as unsecured debt or a 2nd mortgage with higher interest rate and reduce your interest costs and monthly payments.

We can provide you with recommendations on how to move forward with mortgage-refinancing.