At RMG, we are committed to providing you with the mortgage refinance options you need. We have many flexible programs and options to meet your needs such as covenant changes, assumptions, debt consolidations, equity take-outs, increased ports, decreased ports, replacements and bridge loans.

An application for refinance can be completed online or over the phone by speaking with one of our Customer Service Specialists. We can also e-mail an application to you, or you can print out the application and fax it to us. Once your application is submitted, it will be reviewed by an underwriter to determine if we can help you with your request.

There are several costs associated with refinancing your mortgage. There may be an application fee, a discharge fee and a prepayment penalty. You will also incur legal fees as well as an appraisal cost all of which can be covered by the additional mortgage funds.

When you refinance your home, we will need to have a current appraisal done on your property. An appraisal is a document showing the value of your home. An appraiser will look at the condition of your property and your neighbourhood to determine an accurate market value.

In order to be eligible to refinance, you must be able to demonstrate that you can make your current mortgage payments in a timely manner. Your history with other creditors is also very important to us. You must also demonstrate that you have the income to support the increased mortgage amount. Finally, there must be enough available equity in your property.