{"id":973,"date":"2026-08-25T14:12:56","date_gmt":"2026-08-25T14:12:56","guid":{"rendered":"https:\/\/monapprobation.sltm.ca\/refinancement-en-tmp\/"},"modified":"2026-09-10T15:55:41","modified_gmt":"2026-09-10T15:55:41","slug":"refinancement","status":"publish","type":"page","link":"https:\/\/www.monapprobation.com\/en\/refinancement\/","title":{"rendered":"Refinancing"},"content":{"rendered":"\t\t
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Our service<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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100% free. 100% worth it.<\/h1>\t\t\t\t<\/div>\n\t\t\t\t
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Refinancing means using the equity you\u2019ve built to solve costly problems or fund what matters to you. We show you how.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t<\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\tCalculate your available equity<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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What your equity can do<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Your home,\u2028your leverage.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\tRENOVATE YOUR
PROPERTY\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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INVEST IN REAL ESTATE<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\tCONSOLIDATE YOUR
DEBTS\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tFINANCE YOUR
PROJECTS\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Equity is simple. It\u2019s what\u2019s yours.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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The value of your property minus what you still owe\u2028on your mortgage, that\u2019s your equity.\u2028<\/p>

If your home is worth $650,000 and you have $350,000 left to repay, you have $300,000 in equity. In general, you can refinance up to 80% of your property\u2019s value. \u2028In this example, that means access to up to $170,000 in cash, at your mortgage rate.<\/p>


That\u2019s the difference between paying for your renovations at 19.99% on a line of credit or financing them at your mortgage rate. The same project. A very different cost.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t<\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\tDiscuss your equity with an expert<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Free. Now\u2028and always.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Our services are paid by the\u2028lender who gets your file.\u2028You pay nothing, whether you stay with your current lender or\u2028you switch.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Free. Now\u2028and always.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Our services are paid by the\u2028lender who gets your file.\u2028You pay nothing, whether you stay with your current lender or\u2028you switch.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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A concrete example<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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What it changes,\u2028in numbers.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Here\u2019s what a typical situation looks like before and after a refinance with debt consolidation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Before<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\tProperty value: $650,000
\nMortgage balance: $310,000

\n\nCurrent monthly payments:

<\/strong>Mortgage: $1,850
\nLine of credit (prime + 3%): $1,030
\nCredit cards (19.99%): $980
\nPersonal loan: $370
\nCar loan: $420

\n\nMonthly total: $4,650<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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After<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\tNew consolidated mortgage: $480,000
\nNew single monthly payment: $2,690

\n\nResult<\/strong>
\n$1,960 less per month.
Same property. Same net worth.
Less stress.\n

\nThe numbers vary based on your situation.\u2028We do the math with you, with no commitment.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t<\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\tDo the math with an expert<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Simple. Fast. Stress-free.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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How it works with us<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t

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Step 1<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t

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We take stock<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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We look at where you stand: your current term, your conditions, your plans for the coming years. We don\u2019t start searching before we clearly understand what you want.<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Step 2<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t

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We make lenders compete<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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We submit your file to the lenders with the best offers for your profile. Not just your current bank. Everyone who can offer you better.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Step 3<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t

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You choose. We execute.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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We present the offers to you clearly, with our recommendations. You make the decision. We take care of the rest.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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our answers<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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to the real questions<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Will refinancing my home affect my credit score? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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A credit check is done as part of the process, which may have a slight temporary impact. But in most cases, refinancing improves your overall financial situation by reducing your high-interest debts, which has a positive effect on your score over the medium term.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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Are there penalties for refinancing before the end of my term? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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Yes, in most cases. If you\u2019re mid-term, your lender may charge a penalty, which can be calculated as three months’ interest or as the interest rate differential, depending on your contract. This penalty can sometimes be offset by the savings you make. We do the math with you to see whether refinancing pays off in the short and long term.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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How long does it take to complete a refinance? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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Generally between 3 and 6 weeks, depending on how complex the file is. A property appraisal is often required, which can stretch the timeline slightly. We support you at every step and keep communication clear so there are no surprises.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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Can I refinance if I have bad credit? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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It depends on your situation, but there are often options. Alternative or private lenders can accept profiles that the big banks would turn down. In some cases, a refinance is even the solution to clean up your credit file. We analyze your situation and show you what\u2019s actually possible.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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What are the good reasons to refinance? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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The most common ones are: consolidating high-interest debt (credit cards, personal loans), financing renovations, freeing up cash for a project or an investment, or adjusting the terms of your mortgage. Refinancing isn\u2019t always the right decision. We help you assess whether it makes sense in your specific case.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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Is a home appraisal required to refinance? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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Yes, in most cases. The lender needs to know your property\u2019s current value to determine how much it\u2019s willing to lend you. The appraisal is generally at your expense, but the cost is often absorbed in the process depending on the lender. We let you know from the outset.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Our service 100% free. 100% worth it. Refinancing means using the equity you’ve built to solve costly problems or fund what matters to you. We show you how. Calculate your available equity What your equity can do Your home,\u2028your leverage. RENOVATE YOURPROPERTY INVEST IN REAL ESTATE CONSOLIDATE YOURDEBTSFINANCE YOURPROJECTS Equity is simple. It’s what’s yours. […]<\/p>\n","protected":false},"author":0,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-973","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.monapprobation.com\/en\/wp-json\/wp\/v2\/pages\/973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.monapprobation.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.monapprobation.com\/en\/wp-json\/wp\/v2\/types\/page"}],"replies":[{"embeddable":true,"href":"https:\/\/www.monapprobation.com\/en\/wp-json\/wp\/v2\/comments?post=973"}],"version-history":[{"count":4,"href":"https:\/\/www.monapprobation.com\/en\/wp-json\/wp\/v2\/pages\/973\/revisions"}],"predecessor-version":[{"id":1530,"href":"https:\/\/www.monapprobation.com\/en\/wp-json\/wp\/v2\/pages\/973\/revisions\/1530"}],"wp:attachment":[{"href":"https:\/\/www.monapprobation.com\/en\/wp-json\/wp\/v2\/media?parent=973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}