Mortgage refinancing is when a home owner gets a mortgage on their home for more than what is currently owed on it. This gives Canadian home owners access to cash funds from their home equity.

In Canada, a standard mortgage refinance allows a new mortgage of up to 80% of the current property value. If the refinance is due to a marital breakup then the maximum allowable mortgage increases to 95% of the current home value.

Link to video on Mortgages After Separation & Divorce:

Link to video on Purchase Plus Improvements Mortgages:

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