Refinance High Ratio Mortgages

With rates being near historical lows, it is by no fluke reason many Canadians are refinancing and taking advantage of low rates and increased property value to utilize the equity in their homes to consolidate debts, mortgages, and renovate their homes. At Absolute, we can help determine if this refinance product is right for you. If you have multiple monthly debt obligations, high mortgage payments, or need funds to renovate or money to invest, refinancing may be your solution.

Acceptable loan purpose

Asset enhancement, debt consolidation, consolidating mortgages, renovations and investment purchases
Multiple advances up to a maximum of two

Eligible properties

Owner occupied - Maximum 4 units with one owner occupied as principle residence
Secondary homes - Maximum 2 units

Loan-to-Value Limits

1-4 units: 85% LTV
Seconday homes: 85% LTV

Amortization options

Up to 30 years