alternatives
Refinancing a home is seen as a last resort for many, but the recent succession of interest rate hikes and the rising cost of living has left many consumers in search of financial relief.
In a case where you wish to refinance your home, Grant Smee, the managing director of Only Realty Group, explains that you’ll apply for a new bond on the same property based on its current value rather than its valuation at the time of purchase.
By doing so, you gain access to equity:
