What Is Mortgage Refinancing?

 

Mortgage refinancing is a financial strategy that involves replacing your current mortgage loan with a new one. This process can allow you to obtain additional funds to make acquisitions, pay off debts, finance renovations, or carry out personal projects.

Benefit of Private Mortgage Refinancing:

 

Access Additional Funds: You can use mortgage refinancing to tap into your home equity. This may allow you to finance renovation projects, purchase a new car, or consolidate your debts.

Altura Capital

 

House, condo, building, triplex, semi-detached, duplex, commercial property, or land: choose the investment that suits you. Need financing up to 80% of the current value? We customize it for you.

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Types of Private Mortgage Refinancing

 

 

Cash-Out Refinancing: This type of refinancing allows you to borrow more money than the balance of your current mortgage. You can use the additional funds for other projects.  


Mortgage Refinancing Process

The mortgage refinancing process is similar to obtaining an initial mortgage loan. You will need to provide your private lender with information about your financial situation and your property. Your lender will review your application and offer you a straightforward new private alternative mortgage loan.

 

 

Altura Capital