Refinancing

Speak to the Royal Bank about a home equity line of credit. Prime plus 1/2 percent. Drawdowns and repayments at your discretion.

do you have one of those Scotiabank specials of prime minus 1.5% from summer 2008 and that is why you don't want to redo your mortgage? if so, get in touch with Freakshow... I think Scotia can match something similar only if you have that mortgage and it's in the form of a HELOC.

Regardless of how you do this, the lender will want the house as a collateral. Going with your bank is still the best bet ... either increase your mortgage or get a home-equity line of credit. LOC rate is lower at this moment. Other companies make their money with high interest rates .... and they will still want second mortgage of your house.

Try debtfreedom.ca They will actually help you eliminate debt sooner and are a full financial services company. Am I a representative ? YES , I am. I was very sceptical of the whole thing. But I just recently helped a family with o.k. ( not great) credit roll a high interest loan , credit card debt and mortgage all into one mortgage payment. They don't just consolidate debt. They use an accelerator to help you get out of debt sooner rather than later. They deal with ( 29 ) all the major lenders. And by the way that family, well we got them a variable rate 5 year term for 2 %. HEY, it never hurts to look at all your options. If you have any questions, don't hesitate to pm me. Good luck.