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JIMMY KWON & LISA YUN DOMINION LENDING CENTRES
Cell:  604-808-1050        

Refinance

If you are balancing multiple loans (ie credit cards, line of credit, car loan) one of the most cost effective ways to manage this debt is through a refinance.

By combining all of your existing debt into the mortgage you will now have only one payment and potentially lower your overall monthly payment considerably thus improve your cash flow.  It should also allow you to take advantage of a considerably lower interest rate compared to the interest rates you are currently paying on your credit cards, line of credit, etc.

There will be a cost to break your existing mortgage but due to the extremely current low rates, it may be really worthwhile to have a quick look at your existing mortgage to see if it makes sense to refinance early.  We’re finding that even when there is a penalty for paying out early, we can often add the penalty into the new mortgage, lower your monthly payment and save you a considerable amount of interest over the term of the mortgage.

If you have any questions and/or are interested I do hope you take the time to give me a call to review your personal situation. It’s a really simple process for me to do a free confidential mortgage review. 


  1. Worst case scenario is you have complete certainty that you have the best rate and mortgage available. 
  2. Best case scenario, and probably more likely, we can save you money, lower your overall costs per month, and make life a little easier because interest rates are extremely low.

The maximum loan to value for a refinance is 80%.   In other words if the value of your property is $500,000 and your existing mortgage balance is $350,000, you are allowed to refinance your mortgage up to $400,000 which represents 80% of $500,000.  

If you have any questions and/or are interested I can analyze your situation to see if you qualify for a refinance and more importantly if it makes sense.

It’s a really simple process for me to do a free confidential mortgage analysis.


You can use your monthly savings to:
  1. Free up cash flow
  2. For investments
  3. Apply this difference to pay down your mortgage balance sooner
  4. Combination of the first 3 options
The information and services offered on this Site are provided with the understanding that neither Dominion Lending Centres Inc., nor its suppliers or users are engaged in rendering legal or other professional services or advice. Although we strive for accuracy, timeliness and completeness, information quoted is not guaranteed and may change at any time and the information you obtain at this site is not, nor is it intended to be, legal advice.  If you require specific advice regarding your own situation please contact me for consultation.