Ease the Burden of Homeownership with Mortgage Refinance
in GTA
Make your home work harder for you. Discover how refinancing in the GTA can ease your monthly payments and unlock new possibilities.
Helping GTA Homeowners Refinance with Confidence, Ease, and Great Rates
Looking to lower your monthly payment or tap into your home’s equity? Refinancing your mortgage with AJP Mortgage in the Greater Toronto Area can help you do just that. We partner with top lenders to find you a better rate or a new term that fits your goals.
From start to finish we guide you through every step. First we review your current mortgage. Then we learn what you want to achieve. Finally we show you the best options for rate savings renovations, debt consolidation or extra cash flow. Ready to see how much you could save? Let’s get started.
Key Benefits of Refinancing with AJP Mortgage
Smarter Refinancing. Real Savings. Personalized by AJP Mortgage.
Refinancing your mortgage can open up new opportunities and help you reach your goals faster. Here’s what you can gain:
- Lower rates and smaller payments: A better interest rate usually means you keep more cash in your pocket each month.
- Tap into your home’s equity: Need funds for a project or life event? You can access your built-up equity without selling.
- Terms that fit your life: Pick a mortgage length and payment schedule that match your budget and plans.
- Own your home sooner: Move to a shorter amortization to cut years off your mortgage and save on interest.
- Combine high-interest debts: Roll credit cards or personal loans into your mortgage for one easy payment at a lower rate.
- Potential boost to your credit: Paying off debts and keeping up with one mortgage payment can help improve your score.
Types of Refinance Solutions by AJP Mortgage
Everyone’s situation is different, and that’s why we offer a variety of refinance options. Here’s a quick look at what we can help you with:
Rate and Term Refinance
Just want a better rate or a different term? This is a simple way to save money or adjust your payments without pulling out extra cash.
Cash-Out Refinance
Need money for something important like home upgrades or paying off debt? You can take out some of your home’s equity in cash and use it however you need.
Conventional and High-Ratio Mortgages
Depending on your down payment and equity, your mortgage may or may not need insurance. We’ll explain the difference and help you choose what fits best.
Alternative Lenders
If the bank isn’t an option, don’t worry. We work with credit unions and private lenders who offer flexible solutions when things don’t fit the usual mold.
Self-Employed and Non-Traditional Income
Work for yourself or earn income in a unique way? We’ve got lenders who understand that and offer options that make sense for you.
Blend and Extend
Want a better rate but not ready to break your current mortgage? You can blend your current rate with a new one and extend your term. It’s a simple way to save without starting over.
Open and Closed Terms
Not sure how long you’ll keep your mortgage? We’ll walk you through the pros and cons of open versus closed terms so you can pick what works best for your plans.
Who Should You Consider Refinancing?
Refinancing can help a wide range of homeowners. You might want to explore it if you fit any of these situations:
- You’re carrying high-interest debt: Rolling credit cards or personal loans into your mortgage can lower your overall interest.
- You’re planning major renovations or big expenses: Tap into your home’s equity for projects, education, or other life events.
- You’re an investor seeking rental or second properties: Use your existing equity as a down payment on another home or investment.
- You want more flexible payments or a shorter term: Change your payment schedule or shorten your amortization to suit your goals.
- Your credit score has improved since you first borrowed: Better credit often unlocks lower interest rates and better terms.
- You’re on a variable-rate mortgage and want stability: Switch to a fixed rate for predictable payments and peace of mind.
- Your current rate is about to reset or expire: Lock in today’s rates before they go up when your term ends.
- You have significant home equity: If you’ve paid down a lot of your loan, you may qualify for better options.
If you see yourself in any of these points, it could be time to talk about refinancing. Let’s review your situation and find the right plan for you.
Why Choose AJP Mortgage for Your GTA Refinance?
Looking to refinance your mortgage in the GTA? Discover why hundreds of homeowners trust AJP Mortgage for expert guidance, great rates, and a smooth, stress-free process.
Local GTA expertise
In-depth knowledge of Greater Toronto Area markets ensures solutions tailored to your neighbourhood.
Comprehensive lender network
Access to banks, credit unions and private lenders provides a wide range of competitive options.
Negotiated rates in your favour
Our relationships and experience secure the most advantageous interest rates on your behalf.
Dedicated, end-to-end service
From initial consultation through closing, you receive personalised guidance at every stage.
Prompt approvals and transparent fees
Efficient processing and clear fee structures guarantee no unexpected costs.
Proven client satisfaction
AJP Mortgage has earned the trust of numerous GTA homeowners through consistent results.
GTA Market Insights
Clear Insights. Smarter Decisions. Your Guide to the GTA Market.
- Rates have started to settle. While they’re not as low as they used to be, they’ve come down from last year’s highs. It’s a good time to see if you can get a better deal.
- Toronto and the suburbs are moving at different speeds. Prices in the city are more stable, but places like Mississauga and Brampton are seeing more changes. Where you live can affect your refinancing options.
- If your home has gone up in value or your credit score has improved, you might be in a great spot to refinance. Even a small drop in interest rates can make a big difference over time.
- Want extra cash for something important or to pay off other debts? Tapping into your home’s equity through refinancing can help with that.
- Thinking long-term? Refinancing can help you adjust your mortgage to fit your life better, whether that means lowering your monthly payment or owning your home sooner.
- Keep an eye on the market, and don’t wait too long. Things can change quickly, and acting at the right time could save you money.
Every homeowner’s situation is different, so getting expert advice is the best way to see if now is the right time for you.
Our Mortgage Brokerage Process in Cambridge
Buying a home in Cambridge is easier with a clear mortgage process. We guide you step by step to find the best mortgage that fits your needs and budget.
Free Initial Consultation
We start with a friendly no-cost chat to get to know your situation and what you want to achieve. No pressure, just a clear conversation.
Current Mortgage Review
We take a close look at your current mortgage including your interest rate payments and terms to see if there is a better option for you.
Strategy Planning
Together we come up with a plan that fits your goals whether that is lowering your monthly payment, paying off your mortgage faster or getting some cash out.
Seamless Closing
We help you gather all the paperwork you need making it easy and straightforward so nothing gets missed.
Application Submission
We send your application to several lenders so you get multiple offers to choose from without extra work on your part.
Offer Comparison
We go through the offers with you looking at rates, fees and terms so you can pick the one that works best for you.
Approval and Closing
Once approved we help you finish the paperwork and make sure everything goes smoothly until your refinance is complete.
Ongoing Support
We do not disappear after the deal. We are here to answer your questions and support you for the whole mortgage journey.
Frequently Asked Questions
Find the Information You Need to Make Informed Decisions.
What credit score do I need?
Most lenders look for a credit score of 620 or higher. If your score is lower, we can connect you with alternative lenders who specialise in flexible criteria.
How much does refinancing cost?
Typical costs include appraisal fees (around $300–$500), legal fees ($500–$1,000) and potential discharge or re-registration fees (varies by lender). We’ll review all fees up front so there are no surprises.
Can I refinance if I still owe on my current mortgage?
Yes. Refinancing means you replace your existing mortgage with a new one. We’ll handle paying out the balance of your current mortgage when you close.
How long does the process take?
From first chat to funds released, expect about four to six weeks. Timelines can vary based on lender requirements and how quickly documents are provided.
What if rates drop again soon?
If your new term allows, you could make a lump-sum prepayment or use a blend and extend option. We’ll explain any break costs and help you decide if it’s worth switching again later.
Can I refinance a rental property?
Absolutely. Many investors refinance rental homes to lower payments or free up equity for more investments. Criteria and rates may differ from a primary residence, and we’ll guide you through the specifics.
Out of 5
What Our Clients Say
Rate Reduction Success
I never thought refinancing could be this smooth. AJP Mortgage guided me through every option and helped me save over two hundred dollars each month. Their clear advice and friendly approach made all the difference.
Olivia Patel
Debt Consolidation Made Simple
We had multiple debts and were overwhelmed. AJP Mortgage helped us combine everything into one easy payment. Now we’re saving nearly five hundred dollars every month and feeling much more in control.
David Johnson
Fixed Rate Peace of Mind
My variable mortgage rate kept rising. AJP switched me to a fixed 3.9 percent rate, which saved me hundreds each month and gave me peace of mind.