Purchase mortgages and refinances are both home loans, so what’s the difference? And more importantly, why do you need to know? To find out, let’s take a closer look at each.
Purchase mortgages, as the name implies, are mortgages used to finance the purchase of a home. Refinances, on the other hand, are used to “refinance” an existing mortgage. You can have a purchase mortgage without a refinance loan. But you can’t have a refinance without a purchase mortgage in the first place (because there would be nothing to refinance!).
Direct Cell (416)475-7778Direct Cell (647)784-2769Toll-Free (866)930-1660 ext 223Fax (866)930-1770Email firstname.lastname@example.org Apply Now https://www.mortgageassociatesontario.com/apply-now/
20 Harrison Garden Blvd, Toronto ON, M2N 7K9(Yonge St. / Sheppard Ave.)
I strive to deliver first class services to my clients. The highest compliment I can receive is the referral of your friends, family and business associates! Thank you for your trust, and opportunity to serve you!
Monday - Friday: 9am - 5pm
Saturday: By appointment