“Haystax is a Canadian mortgage franchise network connecting consumers with mortgage professionals and providing mortgage entrepreneurs with systems, training, technology and business support.”
“Yes. Haystax Mortgage professionals can help with a wide range of mortgage needs, including buying a home, mortgage pre-approval, renewal, refinancing, debt consolidation, home equity and investment property financing. Haystax Mortgage professionals can review options from multiple lending sources and help identify a mortgage solution that fits your circumstances and goals.”
“Yes. Haystax Mortgage professionals have access to multiple lenders and mortgage products. Different lenders have different qualification requirements, rates, features and lending guidelines, so a mortgage professional can help compare available options.”
“You can use the Find a Haystax Mortgage Professional section of the Haystax website to locate a mortgage professional in your area. Virtual mortgage services may also be available depending on your province and applicable licensing requirements.”
“Haystax continues to expand its mortgage network across Canada. Mortgage services are available in select provinces, and virtual service may be available in additional areas depending on licensing requirements.”
“Refinancing means replacing or restructuring your existing mortgage with new financing. A refinance may allow you to increase the mortgage amount, change the amortization period, change lenders, access available home equity or consolidate other debts. Because refinancing changes the existing financing arrangement, borrowers generally need to qualify for the new mortgage under the applicable lender requirements.”
“The amount of equity required depends on the mortgage product, lender and purpose of the refinance. Home equity is the difference between the value of your property and the debt secured against it.”
“Yes. Homeowners with sufficient available equity may be able to refinance their mortgage and use some of the proceeds to pay higher-interest debts such as credit cards, loans or unsecured lines of credit.”
“Yes. Homeowners may be able to access available home equity through refinancing to finance renovations or improvements. Whether this makes sense depends on the amount required, available equity, current mortgage terms, refinancing costs and the homeowner's overall financial situation. The complete cost of borrowing should be compared with other financing options.”
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