Mortgage Refinancing
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Mortgage Refinance

Mortgage Refinance in Cambridge

Not everybody may choose the best mortgage deal at their first try. Equity accumulated in your Home is your own property. These two above facts can be covered or altered through Mortgage Refinance. In Cambridge, mortgage refinance simply allows you to change the terms and conditions of initial mortgage.

Secure a lower rate
Borrow more Capital
Reduce or Increase the Term of your Loan
Shift to another Lender
Increase or Decrease your monthly payments
Create a Home Equity Line of Credit
And Much More..

With a daily changing market, mortgage options can be numerable and confusing for a layman. Having a professional while selecting any plan has become necessary. AKAL Mortgages Inc. can help you not only find various lenders, but also analyze how beneficial can a certain plan be for you.

How It Works?

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Mortgage insurance

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STEPS & PROCESS

Easy Approval Process

CHOOSE YOUR SERVICE

Why You Should Choose AKAL Mortgages Inc.

Borrowers

When we say YES! We stand behind our promise
Mortgage solutions based on your needs and qualifications
Fast approvals and quick closings
Save time and money
Lower mortgage rates due to lender discounts and promotions
Licensed, knowledgeable and experienced
Protect your credit score

Brokers

The Most Important: Dedication to our agents!
Bootcamp-3-days: Learn Lead Generation, Products and Underwriting
Training: Weekly training and industry updates, One on one support
Mentoring: Specialize in Residential, Business and Commercial
Lead Generation: Proven successful campaigns to generate leads
Personal website; mobile Apps; online virtual meetings, e-signatures
Lenders: VIP access to more lenders and top tier compensation
Professional office (at no cost to you): Meet your clients at the office

FAQ

Frequently Asked Questions

First-Time Home Buyers Mortgage

For all the first time home buyers, to canalize their mortgages, there are a number government programs available. Once you are eligible for these programs, you can acquire any one of them. The government has some programs like First-time home buyers’ credit, RRSP home buyers’ plan (HBP), 5% down payment program, HST new housing rebate and Land transfer tax rebates.

How does the 5% down payment work?

5% down payment is available to you for homes up to $500,000 as the purchase price. First time Home Buyers will have to put 10% “on the portion” of the price over $500,000. For instance On a purchasing a home for the price of $700,000, the minimum down payment the buyer has to pay will be calculated as 5% on the first $500,000 payments that will be around $25,000 and 10% on the next $200,000 which would be around $10,000. So the total down payment will sum up to $35,000.