Mortgage Refinance in Canada, Done Right
Quick answer
Quick answer (Canada): A mortgage refinance replaces your current mortgage with a new one that better fits your goals. Common reasons include lowering payments, consolidating high-interest debt, accessing equity, changing term, or adding a HELOC. Approval looks at income, credit, home value, and loan-to-value. We package your file once and make lenders compete so pricing and penalties net out in your favour.
See: Mortgage Refinance Calculator · LTV Calculator · Debt Consolidation Guide · Closing Costs
Consumer refinancing guidance is available in CMHC’s homeownership resources. Review current considerations before you change your mortgage.
Lower payments, consolidate debts, or unlock equity for renovations or investing. We compare 100+ lenders and design a structure that fits your life, not just today’s rate.
Learn more about mortgage refinancing through the official Government of Canada Financial Consumer Agency for additional insights.
Refinance Pain Points, Solved with Genesis Group
- Payments feel too high. We compare new terms and amortization so you lower monthly cost without trapping future you.
- Carrying credit cards or personal loans. We consolidate into one mortgage with a clear plan to stay out of high interest.
- Confused by penalties and legal fees. We model the true break-even so you see savings after costs, not just the headline rate.
- Need cash for renovations or investments. We access equity safely with refinance, HELOC, or a blend that protects flexibility.
- Bank said no. We place you with credit unions or alternative lenders now, then plan a return to bank pricing at renewal.
- Timing is tight. Parallel processing and clear checklists keep appraisals and lawyer steps on schedule.
Why Choose Genesis Group for Your Refinance
- 100+ lenders compared. We shop banks, credit unions, and private options for the best net outcome.
- Penalty-smart strategy. We weigh break fees against savings and renegotiate at renewal if waiting wins.
- Concierge support. One tidy package, fast updates, and human help from start to funded.
- Structure that fits life. Fixed, variable, hybrid, refinance plus HELOC, or a short bridge if needed.
- Licensed and transparent. FSRA-licensed with clear estimates of costs and timelines.
5 Year - Fixed Term from
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No cost, no obligation—just your best rate in minutes.
At Genesis, we’re dedicated to securing the lowest rate possible for you. Your personalized rate depends on factors like credit score and home equity, in line with Canadian regulations. Get your tailored details quickly—with zero cost, zero obligation, and total peace of mind.
Types of Mortgage Refinance We Arrange
Rate and Term Refinance
Replace your mortgage to reduce interest or adjust amortization.
Check savingsDebt Consolidation Refinance
Roll high-interest credit into one payment with a plan to stay clean.
See your optionsEquity Take-Out and HELOC
Access funds for renovations, education, or investments with flexibility.
Plan your drawRenewal Switch
Move your mortgage at renewal for better pricing and terms.
Compare renewal offersSpousal Buyout
Keep the home with an insurer-approved program and legal support.
Ask about eligibilityBridge and Timing Solutions
Short-term options when selling or cash flow timing needs a buffer.
Map the timelineTools: Refinance Calculator · LTV Calculator · Debt Consolidation · Closing Costs
Our Process
Clear, fast, and penalty smart. Here is how we move from plan to funded.
- Apply in minutes online. Tell us goals and upload documents securely.
- We review penalties and options. Net savings modeled after costs and timing.
- Lenders compete for your file. We compare pricing, term, and flexibility.
- Appraisal and legal. We coordinate steps so funding stays on schedule.
- Fund and move forward. One simple payment and a plan for the next renewal.
Soft check • No impact on credit • FSRA-licensed
Discover the Key Benefits of Choosing Mortgage Refinance
with Genesis Group.
⭐⭐⭐⭐⭐ Experience Guaranteed
Had a great experience dealing with Brittney. Fantastic communication and really worked for me and my needs. Will never go anywhere else for my financial needs
Mark Winter
11/13/2024From the very first meeting to the joyous moment of receiving my keys, The Genesis Group, under the astute leadership of Kirk Bryan, has been nothing short of spectacular in... read more
Rohan Germain
01/13/2024My husband and I had used Kirk and his team upon closing a deal on our home. We couldn’t be more happy with everything Kirk and Brittney have done for... read more
Laura Vescio
11/13/2024Kirk is a class act! He helped me with my first home property mortgage and couldn’t have asked for a more professional person to deal with. Him and his team... read more
Lui Vescio Jr.
12/13/2024If getting a mortgage was an Olympic sport, these guys would take gold—blindfolded, on a unicycle, while juggling flaming swords. They made the process so smooth, I was half convinced... read more
Samantha L
09/13/2024As a first-time homebuyer, navigating the mortgage process can be incredibly daunting, but The Genesis Group made it not only manageable but truly rewarding. I had the distinct pleasure of... read more
Rohan Spence
05/13/2024Could not say enough about The Genesis Group. The level of dedication, professionalism, and knowledge is unmatched. When dealing with such a big life decision like buying a house -... read more
Maria Woychyshyn
11/13/2024Was a great experience working with Kirk and his team. They not only helped me refinance my mortgage on my house, they also assisted me in a commercial business acquisition.... read more
Sean P.
02/21/2024My partner and I have been in our first home for over a month now and we cannot thank Kirk and The Genesis Team enough! Kirk was patient, professional, supportive,... read more
stephanie B
01/13/2023
Gain access to our vast network of 100+ lenders offering tailored residential mortgages to suit your financial needs.
Real refinance results across Canada
Debt consolidation, Manitoba
One payment. Monthly outlay down 42 percent with a clear path back to prime.
Read case studyBridge and timing, BC
Interest-only bridge eased cash flow while listing. Smooth downsizing on their timeline.
Read case studyPayment relief, BC
Short-term interest-only, then refinance back to an A-lender once income stabilized.
Read case studyExplore more: Spousal buyout · Reverse mortgage · See all case studies
Frequently Asked Questions
What is a mortgage refinance in Canada and when does it make sense?
A refinance replaces your current mortgage with a new one that better fits your goals. It can lower payments, consolidate high-interest debt, access equity, or change term and rate type. It makes sense when the savings or flexibility outweigh penalties and closing costs. We model the true break-even and compare 100+ lenders. Try the Mortgage Payment Calculator.
How do mortgage refinance penalties work in Canada and what is my break-even?
Lenders charge a penalty to exit early. Variables typically use three months’ interest. Fixed terms often use an interest rate differential calculation. We total the penalty plus legal, appraisal, and discharge fees, then compare with new payments to find your break-even month. If waiting until renewal wins, we plan for that date. Review costs in the Closing Costs Guide.
Debt consolidation refinance in Canada, how does it work and what can I include?
We replace your mortgage with a new facility sized to pay out credit cards, lines, and personal loans. You end up with one payment at a lower blended cost and a plan to avoid re-borrowing. Proceeds depend on home value, loan-to-value limits, and income. Learn the playbook in Debt Consolidation Mortgages.
Cash-out refinance vs HELOC in Canada, which is better?
A cash-out refinance gives a lump sum with a set rate and amortization. A HELOC offers revolving access with interest-only payments on what you use. Many households combine both for flexibility. The right mix depends on how long you need the funds and your tolerance for payment changes. Estimate room with the LTV Calculator.
Can I refinance with bad credit or if I am self-employed in Canada?
Yes, options exist. Credit unions and alternative lenders can use bank-statement analysis, reasonability tests, and higher allowable ratios. Pricing and conditions vary by file. We package documents once and place you with the right lender now, then plan a return to bank pricing at renewal.
What is the maximum loan-to-value for a mortgage refinance in Canada and will I need an appraisal?
Maximum LTV depends on occupancy, insurer rules, and lender policy. Many refinances require an appraisal to confirm market value. We order appraisals at the right time to keep your costs low and the timeline fast. Check your approximate room with the LTV Calculator.
How long does a mortgage refinance take in Canada and what documents are needed?
Straightforward files can fund in two to four weeks. Expect photo ID, income proofs, recent mortgage statement, property tax bill, and proof of debts to be paid out. We coordinate appraisal and legal so you stay on schedule. Model payments with the Mortgage Payment Calculator.
Helpful tools and guides
Run real numbers and plan the best time to refinance.
- Mortgage Refinance Calculator — test rates, terms, and amortization.
- Loan-to-Value Calculator — estimate refinance and HELOC room.
- Debt Consolidation Mortgages — map a clean exit from high-interest debt.
- Closing Costs Guide — plan legal, appraisal, and title items.
Get started
Ready to lower payments or access equity. We will design a refinance that fits today and protects tomorrow.
Soft check • No impact on credit • FSRA-licensed
