Refinance Your Mortgage in the GTA

Refinancing a mortgage means replacing your current home loan with a new one that offers better terms. This could mean a lower interest rate, a different payment schedule, or pulling out equity (cash) from your home.

Many people confuse refinancing with renewing. Here's the difference:

• Renewing is when your existing mortgage term ends, and you continue with your lender.
• Refinancing is when you break your current mortgage and get a new one, possibly with a different lender.

Why do people refinance? Here are some quick reasons:

• Access home equity to fund big expenses.
• Lower your interest rate and save on payments.
• Consolidate high-interest debts into one manageable payment.
• Change your mortgage terms for more flexibility.

Wondering why so many GTA homeowners choose to refinance? Let’s go over the real-life benefits.

Lower Your Monthly Mortgage Payments

At Lending Hub, we help you take advantage of lower interest rates to reduce your monthly payments. If rates have dropped since you first took out your mortgage, refinancing with us can help free up your cash flow and ease your monthly budget.

Lock in a Better Interest Rate

If your credit score has improved or market rates are more favorable, now is the time to refinance. Our experts work with you to secure a better interest rate, saving you thousands over the life of your loan.

Access the Equity in Your Home

Your home has likely gained value over the years. With our home loan mortgage refinance solution, you can tap into that equity to fund renovations, invest in new opportunities, or handle major life expenses—without selling your home.

We make the process simple and strategic. Read more on our home equity loan in Ontario service page.

Consolidate High-Interest Debt

Struggling with high-interest credit cards or personal loans? Lending Hub can help you roll those debts into your mortgage through refinancing. This means fewer payments to manage and a much lower interest rate, saving you money and reducing financial stress.

Refinancing can be a smart financial move—but it’s not one-size-fits-all. At Lending Hub, we recommend talking to one of our advisors who can look at your full financial picture and help you decide if it’s the right choice.

In the meantime, here’s a quick look at how the refinancing process works:

Step 1 – Speak with a Mortgage Expert

First, we’ll have a friendly chat. You tell us about your goals — whether it’s saving money, accessing equity, or paying off debts.

Step 2 – Property Appraisal and Equity Calculation

Next, we assess your home’s current market value. This helps us calculate how much equity you can borrow against.

Step 3 – Compare Refinance Options from Top Lenders

This is where we shine. We search across A-lenders, B-lenders, and even private lenders in Ontario to find you the best refinance home loan mortgage deals in Ontario. You get options, not sales pitches.

Step 4 – Finalize and Switch

Once you’re happy, we handle the paperwork, negotiate terms, and guide you through the switch. The process typically takes 5–10 business days.

We’ll also guide you on documents needed (income proof, property papers, credit reports) so you’re never left guessing. Talk to a refinance home loan mortgage expert today and discuss have your questions answered right away!

Refinancing can be a great move, but it’s not free. Things like closing costs, appraisals, and paperwork fees can add up. That’s why we walk you through everything upfront—so you know exactly what to expect and can decide if refinancing works for you.

Here are the typical expenses:

• Prepayment penalties (if you break a fixed mortgage early)
• Legal fees for document handling
• Appraisal fees to determine your home’s value
• Mortgage break-even point — the time it takes for your savings to outweigh the costs

We’ll clearly explain if refinancing your housing loan makes sense financially. No surprises. Just transparency.

Not sure if you qualify? Here’s what lenders look for when approving a refinance home loan mortgage:

• Minimum Home Equity: Typically, you need at least 20% equity in your home.
• Credit Score: A good credit score helps, but we also have solutions for bruised credit.
• Income & Debt Ratios: Lenders check your income vs. debts (GDS/TDS) to ensure you can afford payments.
• Self-Employed Borrowers: Don’t worry. We have tailored solutions for business owners, too.

Sometimes, a second mortgage or reverse mortgage might be a better fit. We’ll guide you towards the smartest option.

There are many refinancing options, so it's important to choose a partner you can trust.

At Lending Hub, we do more than offer loans—we listen, guide, and tailor solutions to fit your needs. Our team is committed to clear advice, competitive rates, and a smooth experience from your first question to final approval.

Here’s what makes us different:

• GTA Experts: We know the Ontario housing market inside out.
• We Compare for You: We connect you with A-lenders, B-lenders, and private lenders — all in one place.
• Personalized Strategy: We don’t push products. We create a refinance plan based on your goals.
• Fast & Smooth Process: With our streamlined process, you can refinance in as little as 5–10 days.
• No Guesswork: From documents to lender negotiations, we handle it all.

Speak with a Lending Hub mortgage expert today to explore your refinancing options. We’ll help you understand your savings potential and guide you through every step of the process.