telephone +1 705 302 0377

Mortgage Refinance Barrie

Award winning customer service to each and every single client!

Or talk to a mortgage broker now:

Cost Savings

Refinancing is the process of changing your current mortgage for one that offers better terms or interest rates. There are several reasons that you may have decided to refinance your mortgage.

Interest rates may have dropped and the saving that can be made by renegotiating your Barrie mortgage may be greater than the penalties that you will pay for breaking your current contract. This is especially so if you have managed to improve your credit rating.

The penalty for a variable rate mortgage is three months interest and for a fixed rate mortgage is will be the greater of the interest differential or three months interest. Even a small saving in interest can make a massive difference over the term of the mortgage. Homeowners can refinance their mortgages to reduce the term and save money and many may be locking into fixed-term mortgages.

Call Us Today +1 705-302-0377

Questions? We’re here to help!


Get Up to $2,500 Cash Back When You Close With Us!

To learn more
Contact Us

You have questions. We are here to help!


Accessing equity in your Barrie home

You may wish to access the equity in your home. You can use up to 80% of the equity in your home to gain funds for renovations, education or debt consolidation. You can do this by breaking the current mortgage, extending and blending it or applying for a HELOC.

If you decide to go the HELOC route you can apply for 65% of your home equity. Home equity is the difference between the market value of the property less the amount that you owe in mortgages. The equity in your home can help you to save thousands in interest when you consolidate your debt, paying off the more expensive loans such as credit cards and motor vehicle finance.

Alternatively, you could increase the market value of your home by using the equity to obtain a mortgage for renovations. It is also a great way to obtain finance to invest in another property.

You may choose to blend and extend your mortgage which is basically combining your current mortgage and then adding the new mortgage to it at the current interest rate. Blended rates tend to be higher than current mortgage rates. so you need to compare with the costs of breaking your current mortgage.

Get advice from a broker

Refinancing your mortgage does come with costs so consult with the trained staff at Certified Mortgage Brokers in Barrie before you sign on the bottom line. We can help you to determine how much equity is available to you and calculate costs. We can also put you in touch with one of the many mortgage providers with whom we deal.

Despite the costs of breaking an existing mortgage and refinancing a new one, you could still save substantially over the longer term by refinancing for the right reasons. What is of relevance here is the length of time that it will take you to start seeing savings from your new mortgage.


Certified Mortgage Brokers
powered by
Afton Jaskolski

Getting a private mortgage was not easy to be honest, but at least with Mr. Leon it was doable. Thank you for your help!

Davin Mills

There are a lot of mortgage brokers in toronto to choose from, I was a bit intimidated by that. Don't regret I picked CMB, they took the lead and made sure to cover all the bases

Tracy Wilhoite

I was renting an apartment for a long time and finally decided to take a big step - get a mortgage instead. Team at certified Mortgage Brokers laid out various options for me. The actual process went smooth and quick, happy with my new home.

Ryder Turcotte

My wife and I decided to refinance our mortgage and started looking for a mortgage broker in Toronto. There were so many options, so you can imagine how overwhelmed we got! After talking to Leon we decided to proceed with Certified, didn't regret that decision once. They always gave useful recommendations, were attentive, and constantly in touch. And most importantly (for us) they helped us to save some money!!

Lucy Zimmerman

Vita was great. Helped my son with all the paperwork and got him very good interest rate. On the closing date called to follow up if everything went fine. Quite a pleasant experience. I would recommend this firm for anyone who is looking a mortgage broker.

Contact Us