Home Mortgages Hamilton

Proudly providing home mortgages in Hamilton, Binbrook, Brantford, Niagara and surrounding areas. Getting a mortgage doesn’t have to be complicated. At Sgro – Spada we make the process easy and strive to find a solution for every borrower type. Come to us for advice or ask us how to get started. Now is the time to get pre-approved or refinance your existing mortgage. Check out our mortgage calculator and see what you can afford today! The answer may just surprise you. At Sgro – Spada we’ve got you covered.

REVERSE MORTGAGE

EQUITY TAKE OUT

DEBT CONSOLIDATION

RENEWAL

A reverse mortgage is a loan secured against the value of your home. Unlike a traditional Home Equity Line of Credit (HELOC) or a second mortgage, you are not required to make monthly mortgage payments for as long as you live in your home and you will maintain ownership and control.

An equity take out refinance allows you to refinance your mortgage for more than what you still owe on it and use the funds to either renovate, or for investments or down payment on another property . The key to qualifying for this option is having at least 20% equity in your home, which means you can’t owe more than 80% of the value of your home.

Debt consolidation rolls multiple debts, typically high-interest debt such as credit card bills, into a single payment. Debt consolidation usually allows you to lower your interest rate and get a reduced monthly payment amount.That will help you reduce your total debt and reorganize it so you can pay it off faster.

When your term is over, you can either renew your mortgage term with your existing lender or switch to a new lender. Most lenders offer a no fee Switch/Transfer. Switching your mortgage can change your interest rate, prepayment options and your payment frequency, but it can’t change your loan amount. If you choose to increase your loan amount that would be considered a refinance.

Looking to refinance an existing mortgage? We can help.