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Mid-Island Mortgage & Savings

  (Qualicum) Ltd. - Qualicum Beach, B.C.

We are extremely passionate about the mortgage business and enjoy the challenges and rewards associated with working with our clients to reach their financial goals.

Valuable information about issues surrounding purchasing a home and mortgages.

Helpful information about the different documentation and forms associated with real estate purchases.

Mid-Island Mortgage & Savings (Qualicum) Ltd.
191 Fern Road West - Qualicum Beach, B.C. V9K 1S4
p. 250 . 752 .6944
c. 250 - 228 - 7733

Images provided by Todsen Design & Construction Ltd., Qualicum Beach, BC


There are many reasons to refinance your mortgage. You may have been working at improving your credit score and now qualify for a new mortgage with a better interest rate. Or perhaps you want to stabilize your payments by changing from a variable rate mortgage to a fixed-rate. Another popular reason to refinance is to pull out equity for consolidating debt, home improvements, investments, college expenses, and more.

Refinance Your Mortgage, Qualicum Beach, BC

You can typically borrow up to 80% of the value of your home for a refinance. Many people find that the easiest and most affordable way to access money is through the equity that they have accumulated in their home.

However, refinancing is not only used when you want access to more funds. By far the most popular reason to refinance today is to take advantage of low interest rates, and decrease your monthly payment. This also allows you to pay off your mortgage faster, and save thousands of dollars in interest. You may have to pay a penalty to break your existing mortgage term; however, if the interest savings outweigh the costs it can be an excellent financial strategy. Call us to determine if refinancing can save you money.

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