Tapping In With a Refinance: The Wealth Within Your Walls, Part 2

Welcome back to Homeowner AF! This is the second installment in my Wealth Within Your Walls series, and today we’re talking about refinancing your mortgage: what it is, why people do it, and what you need to consider if it’s part of your financial plan as a homeowner. I’m chatting with a lot of Canadian homeowners right now who are carrying unsecured debt, so if that sounds like you, stay tuned! Here’s what I cover: • The difference between a refinance and a mortgage switch, and why a switch might get you a better rate with no money out of pocket • How to use your home equity to trade high-interest debt for a much lower mortgage rate • The amortization strategy many of my clients use to free up cash flow, and the prepayment plan that keeps it from costing you long term • When it makes sense to leverage your home equity to invest, buy a rental, or help your kids into their first home • The legal fees, appraisals, and penalties that come with a refinance, and when you may not have to pay them out of pocket • The one question you need to ask yourself before consolidating debt so you’re not back here refinancing in five years Next week, I’m covering another way to access your equity: home equity lines of credit (HELOCs). Remember, no two financial situations are the same; to get advice tailored to your specific situation, book a free call with me at bricallme.com. Listen to Episode 15 of Homeowner Af - Fixed Vs. Variable: Which Mortgage Option Is Right for Me?: https://podcasts.apple.com/tr/podcast... Specific Questions? Ready to get started? Book a free call with Brianna: www.Bricallme.com Website: https://www.brxmortgage.com/agent/bri... Instagram:   / briannagoslinmortgages   Facebook:   / brianna.goslin.mortgages   LinkedIn:   / briannagoslinmortgages