Mortgage Refinancing

Our guide to a "Clean Sweep" approach to debt consolidation and stress relief

Everything you need to know about using a mortgage to access your home equity.

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Take control of your finances and get ahead again. 

Debt can make you feel stressed and overwhelmed, and even more so when you have multiple payments you’re trying to make every month. If you feel your debt has become too much to handle, come to Loewen Group. We serve Burlington and the GTA area, and we can help you with a debt and mortgage consolidation loan.

Why Choose Mortgage Consolidation?

Many people are unsure of the benefits of debt consolidation, especially since the amount of debt doesn’t change. But Loewen Group focuses on providing information so you can feel confident with your finances. Debt consolidation can:

  • Lower interest rates: If you have multiple loans with 5–10% interest rates, the interest you have to pay adds up quick. But we work with you to consolidate your loans to one single loan with a single interest rate.
  • Decrease number of payments: When you have to pay 10 or more debt payments every month, you may feel stressed and overwhelmed. Not only does multiple payments add up to a lot of money, but you may more easily forget about payments, leading to more interest.
  • Relieve stress: With one payment every month, you’ll feel a weight lifted off your shoulders. You can focus on only one payment at a time rather than trying to deal with multiple lenders and payments.

Loewen Group can help you realize all these benefits so you can achieve financial freedom.

Whatever your reasons to access your home equity through a refinance, it all comes together when you follow our simple 3 step plan.

Get started right away

The best place to start is to connect with us directly. The mortgage process is personal. Our commitment is to listen to all your needs, assess your financial situation, and provide you with a clear plan forward. 

Get a clear plan

Sorting through all the different mortgage lenders, rates, terms, and features can be overwhelming. Let us cut through the noise, We'll outline the best mortgage products available for your refinance.

Let us handle the details

When it comes time to arranging your mortgage, we'll handle all the paperwork and negotiate the best mortgage terms on your behalf. Mortgage refinancing made easy.

Everything you need to know about refinancing your mortgage

Let us outline the best options to access your home equity. 

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Our Clean Sweep Program

  • How does the Clean Sweep program work?

    We wipe out all debts, reducing multiple payments to credit companies down to one straightforward payment. We also reduce the interest being paid, helping to remove unnecessary stress and anxiety. Lastly, we increase your cash flow and provide additional funds to operate as an emergency fund moving forward. This way, you won't need to rely on credit when life throws another curveball. 

  • Are there unsecured and secured mortgage options based on the amount of debt I owe?

    An unsecured option would be a bank's consolidation loan. The issue with these is that they come with both high rates, compared to a mortgage and further, come with lower amortization lengths. These higher rates result in payments that are exorbitantly higher than rolling liabilities into your mortgage. Therefore consolidation loans typically provide little cashflow relief compared to present debt structure. 


    Our "Clean Sweep" refinance program often allows you to pay off all debts while maintaining a similar mortgage payment that you already have. Thus significantly increasing your cashflow. 

  • Once my debts are paid in full, will my credit card be cancelled?

    No. It's critical that we keep your credit facilities open and that you continue to utilize them to continue to improve your credit.

  • Will consolidating my debt improve my credit score?

    Absolutely. When the balance of your credit facility exceeds 50% of the limit, this is derogatorily held against your credit score. Once you are past 75% and then 90%, the detriment to your credit score is even higher. By refinancing and paying off al credit facilities to 0, your score will increase significantly within a matter of months. 

  • Do all of my debts need to be paid off?

    Not necessarily. If you have a car loan at 0% financing, or perhaps student loan to which interest is tax-deductible, it may be a better strategy that we don't. 

  • Can I obtain additional cash above or outside the debts I'm paying off?

    Of course. If you have home renovations, new vehicle needs, vacation plans, etc., we encourage you to have those funds available while we are refinancing. Thinking ahead at this stage is much better for your finances that putting these costs on a credit card in the future. 


    We also recommend adding funds to be put into your TFSA, RRSP and or an emergency fund for you and your family. The only certainty in life being uncertainty, we hope for the best, but plan and prepare for the worst.  

  • Are there any out of pocket costs?

    Generally, the only out of pocket cost is the appraisal fee, which 50% of the time we can avoid. 


    The appraisal free will cost between $300-500. We'll be seeking approval with an online valuation first at a lower cost of $99. The online valuation is generally accepted; however, if not, a full appraisal is required. Some lenders will reimburse the cost, as well as cover legal fees.


    Any other costs such as breakage fee or lawyer fee, if applicable, can come from the processed of your refinance, i.e. not out of pocket.

"Loewen Group got me a mortgage that allowed me to pay off some debt and make some investments."

Please connect anytime. It would be a pleasure to help you with your mortgage refinance.