Renewal of Existing Mortgage Loan against property

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Refinancing may refer to the replacement of an existing debt obligation with another debt obligation unde...

  • Category: Financial & Legal Services
  • Published: 25/04/2016
  • Current Rating: /5 0 Vote

    Description

    Refinancing may refer to the replacement of an existing debt obligation with another debt obligation under different terms.  If the replacement of debt occurs under financial distress, refinancing might be referred to as debt restructuring, A loan (debt) might be refinanced for various reasons: To take advantage of a better interest rate (a reduced monthly payment or a reduced term) To consolidate other debt(s) into one loan To reduce the monthly repayment amount To reduce or alter risk To free up cash (often for a longer term, contingent on interest rate differential and fees)   For more information please contact Vertuity Mortgage Inc, 3200 Roblin Boulevard, Winnipeg, Manitoba, R3R 0C3, Ph: 204.888.HOME (4663)/ Fax: 1.888.245.9717.


    Phone Number : 2048884663
    Website URL : http://www.vertuity.ca

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