Your home equity,
working harder for you.
Refinance up to 80% of your home's value to fund renovations, investments, education, or to consolidate high-interest debt into one low mortgage payment.
- BBB Accredited
- No fees, ever
- Licensed Alberta brokers
Get Your Free Estimate
A specialist will review your numbers and email your estimate within 5–10 minutes.
We never pull your credit for this estimate. Your information is never shared or sold. For more information, please refer to our Privacy Policy.
Tell us a bit more
This helps us understand where you're at so we can match you with the right options.
What's your down payment situation?
Choose the option that best matches what you have saved or available.
We never pull your credit for this estimate. Your information is never shared or sold. For more information, please refer to our Privacy Policy.
When are you looking to buy?
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We never pull your credit for this estimate. Your information is never shared or sold. For more information, please refer to our Privacy Policy.
Your Income & Debts
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We never pull your credit for this estimate. Your information is never shared or sold. For more information, please refer to our Privacy Policy.
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We DO NOT pull your credit. Your information is used only to reach out to you. No portion is shared with any third party. For more information, please refer to our Privacy Policy.
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The Skip the Down Payment program — and any mortgage with less than 20% down — requires solid credit history. Here's what good credit looks like and how to build it.
If you don't have any credit history yet, start with secured Visas from Scotia Bank and Home Trust — they're easier to approve for and a great first step. You can track your score for free at www.equifax.ca.
Down payment ranges and what credit you'll need
- 0–4% down: excellent credit, score above 680
- 5–9% down: score of 620+, no late payments or collections in the last 2 years
- 10–19% down: score of 580+, no recent late payments or collections
- 20%+ down: multiple lenders available depending on your interest rate tolerance
Tips to bump up your credit score
- If you've missed payments, try to open or maintain three credit accounts with perfect repayment going forward. (Student loans don't count.)
- Re-establishing payment history typically takes:
- ~12 months for one missed payment
- 2–3 years for 60- or 90-day late payments
- 3+ years for written-off debts (excluding minor collections like cell phone bills)
- Consumer proposals and orderly payment of debt are treated like a bankruptcy for mortgage purposes — wait times are significantly longer.
- Keep credit utilization low. Utilization is the ratio of balance to total credit limit. 30% or under is ideal.
- If you plan to purchase a home within 24 months, do not finance a vehicle purchase — the high utilization of that debt will reduce your score and your mortgage approval chances.
Why closing cards can hurt you
Say you have these accounts:
| Account | Limit | Balance |
|---|---|---|
| Credit Card A | $15,000 | $0 |
| Credit Card B | $10,000 | $0 |
| Credit Card C | $5,000 | $4,000 |
| Loan (orig. $20,000) | $20,000 | $17,000 |
Total utilization: $21,000 balance ÷ $50,000 total limit = 42% — that's healthy.
Now close Cards A and B (because you don't use them). New utilization: $21,000 ÷ $25,000 = 84% — that's bad. Your credit score could drop 50 points overnight.
Equity is patient capital
If you've owned your home for a few years, you likely have substantial equity built up — even more if your area has appreciated. Refinancing lets you turn some of that equity into cash that can fund renovations, consolidate high-interest debt, invest, or simply give you breathing room.
We can refinance up to 80% of your home's appraised value. The math is usually compelling: a refinance at 5% mortgage rate to pay off 21% credit cards or 9% personal loans is one of the most powerful financial moves a homeowner can make.
Right fit checklist
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Equity-rich homeowners. If your home is worth significantly more than what's left on your mortgage, you have refinance capacity to deploy.
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Debt consolidators. Replacing five high-interest debts with one low-rate mortgage payment can free up hundreds of dollars of monthly cash flow.
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Renovators. Refinancing for a major reno (kitchen, addition, basement) is usually cheaper than a HELOC or unsecured loan.
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Investors. Pulling equity out to invest in another property, a business, or stocks. Speak with your accountant about tax-deductibility of borrowed-to-invest funds.
Three steps to a quote
Estimate your equity
We calculate how much you can pull out — typically up to 80% of appraised value, minus your remaining mortgage balance.
Lender selection
Some lenders specialize in refinances. We pick the one with the best rate and product for your specific use of funds.
Funding
Lawyer prepares the refi documents. Funds are deposited to you (or directly to your debts being paid off). Done in 2-4 weeks typically.
Reasons people refinance
Lower interest
Mortgage rates are dramatically lower than credit cards or unsecured loans. A refi can cut your overall interest cost in half — or more.
Cash flow improvement
Stretching your loans back over a 25-30 year amortization can drop your monthly debt payments by hundreds — sometimes thousands — immediately.
Renovation funding
ROI on a smart kitchen or basement reno often exceeds the cost of borrowing. Refinancing to fund the work is usually the cheapest way to do it.
Investment capital
Equity that's just sitting there is opportunity cost. Putting it to work — in another property, a business, or markets — can dramatically accelerate net worth.