Refinancing your mortgage is a great opportunity to access funds (equity) at a typically lower interest rate than a traditional loan.

Reasons to Refinance:

• Renovate or make repairs to your home
• Consolidate higher interest debts into one feasible payment with a lower interest rate
• Buy an additional property by using funds as a source of down payment – talk to an Alterna mortgage specialist
• Maximize your saving opportunity by contributing to your RRSP and take advantage of the tax benefits - talk to an Alterna branch representative
• Fund a large purchase like a car or recreational vehicle
• Change your term or type of mortgage for increased financial flexibility

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