Orillia’s Go‑To Team for Smarter Mortgage Refinancing
Cut your interest, tap your equity, and feel confident every step of the way.
Get Your Free ConsultationNo-hassle, No-obligation. Your info is safe, and you’re in control.
Our Ontario Lending Advantage
Fast
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Low Rates
Some of the lowest rates anywhere
98%
would recommend us
No-Obligation
free, no-hassle conversation
Why Orillia Trusts Our Team for Mortgage Refinancing
Maybe you’d like a lower rate after the latest Bank of Canada cut, or perhaps you’re tapping equity for a rental on Lake Couchiching, either way, we’ve got you covered.
Our Orillia‑based mortgage team compares dozens of Canadian lenders, explains penalties and closing costs in plain English, and tailors a payment plan that fits life along Mississaga Street. No jargon, just real savings.
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FAQs for Mortgage Refinancing in Orillia, Ontario
When should we consider refinancing our Orillia mortgage?
A good rule of thumb is when current rates are at least 0.75 % lower than yours or you need funds for renovations, tuition, or debt consolidation. Many Orillia homeowners near the Waterfront Centre have already locked in lower payments this spring.
Can we roll high‑interest debt into the new mortgage?
Yes—refinancing lets us bundle credit‑card or car‑loan balances into one low‑rate payment. Clients commuting on Highway 11 often free up hundreds of dollars each month by doing this.
What costs should we expect when refinancing in Ontario?
Expect a discharge fee ($200–$400), legal fees ($800–$1,200), and any mortgage‑break penalty. Please note that these fees could be higher or lower depending on your situation. We provide a full breakdown upfront so your savings on Laclie Street aren’t swallowed by surprise costs.
How much equity do we need to qualify for a refinance?
Most lenders require you to keep at least 20 % equity after the refinance. For a $650k home near Couchiching Beach Park, you could borrow up to roughly $520k and still meet that threshold. That said, it's always best to get in touch with a team member to delve into the details.
How long does the refinance approval take?
With complete documents, approvals usually land in 3–5 business days, with funds available a week later. We keep you updated every step—no guessing, even during Mariposa Folk Festival season.
