Mortgage Refinancing up to 85% of Your Home Value! Get a Quote in Minutes. 60+ Lenders Ready to Approve You!
Homeowners get approved within hours and get funded in as little as 3 business days! Any income, any credit accepted.
At Effortless Mortgage, our experienced Refinance Mortgage Advisors know how to get your Home Equity Loan approved - whether it's from the Banks, B Lenders, or Private Lenders.
With most of the Bank and B Lender refinance, as well as our own in-house private mortgage lenders, we have NO broker fee! This means more $avings for You!
It's also important to note that we also specialize in mortgages that banks turn down. We know "life happens". We work hard for our clients business!
We work with any income, any credit:
- have low or bruised credit
- have no income, no credit
- are self-employed (with hard to verify income, poor credit & even bankruptcy)
- have been affected by COVID related debt even power of sale
- are going through life events such as job loss, separation/divorce, etc.
- are real estate investors who need short term financing

Fast Approvals Within Hours
Minimum Documentation.
No Income Verification Needed.

Is Mortgage Refinancing Right For You?
Whether you are looking for a Home Equity Loan, or a HELOC, Effortless Mortgage can work with you to find out the right refinance products AND get you the best refinance rates. We have access to 60+ mortgage lenders who are ready to help you take out home equity!
We are available 7 days a week
Here are the top reasons to take out a Home Equity Loan or HELOC through Mortgage Refinancing:
- Consolidate debt and Repair Bad Credit
- Renovate their home
- Buy out a spouse or partner in the event of a divorce or separation
- Reduce Monthly Payment and Improve Cash flow - sometimes challenges in life such as job loss, increased expenses, and other situations put us in a position where our cash flow is low
- Purchase or invest in another property
- Help out family (education and/or house down payment)
- Get a 2nd Mortgage
- Still got questions? Read our Comprehensive Mortgage Refinance Guide
Reverse Mortgage as an Alternative to Mortgage Refinance
Are You a Homeowner Over 55+ Years of Age? Consider Reverse Mortgage (vs Traditional Mortgage Refinance)
- No monthly payments
- No income requirements
- No credit requirements
- Tax Free loan (don't pay tax on the money you borrow)
Learn more here: Why Reverse Mortgage for Homeowners Over 55



Getting a Private Mortgage Can Be Complicated
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Mortgage Refinance Frequently Asked Questions (FAQs)
When is a good time to refinance?

You can refinance anytime, unless your mortgage comes with a "bona fide sales" clause (i.e. in that case, you can not break your mortgage unless your mortgage is up for renewal, or you sold your house).
How to refinance with bad credit?

Bad Credit is not a "show stopper" for mortgage refinance. We work with a lot of B and Private Lenders who do not have minimum credit requirements. Sometimes what you consider as "bad credit" is not really that bad - it's just a matter of structuring the mortgage deal a little differently. However, if you are currently in an active Bankruptcy or Consumer proposal, you will need to discharge them first before mortgage refinance.
How much Home Equity Loan/HELOC can I qualify for?

It mostly depends on how much equity you have available in your house. We can help you refinance up to 85% - 90% of your home value.
Are there any penalties for breaking your mortgage early?

It depends on the lender and the mortgage product. If you are in an open term mortgage, then likely there won't be any penalties. If you are in a variable rate term mortgage, the penalty is typically just 3 months of interest payment, which is not a lot. If. you are in a fixed rate mortgage, your breakage is likely the higher of 3 months interest payment AND Interest Rate Differential (every lender calculates it a little differently). The best way to find out about your breakage penalty is to contact the lender of your current mortgage to confirm.
How long does it take to refinance a mortgage?

Once you talk to one of our Mortgage Refinance Advisors, and fill out an application, we will get back to you within 24-48 hours with a quote. If you would like to move forward, it takes about 3-5 business days to get an approval from lenders. If an appraisal is needed, you should budget another 2 weeks before funding. We have done rush funding within 3 business days if an appraisal is already done or waived.
What are mortgage refinance rates today?

Please check out our rates page for the lowest mortgage refinance rates today.
How much should I expect for closing costs?

It really depends on the lender and the Home Equity Loan Products. Some Lenders/Mortgage Products need you to get an appraisal report to confirm the value of the property, and also use your own lawyer to close the transaction. An appraisal report costs anywhere between $300 to $700 depending on the house and location. Lawyer fee varies from $900 to $2000 depending on the law firm. Some products do not need an appraisal report or lawyer, then the cost is very minimal.
Is Mortgage Refinance worth it?

The bottom line is, mortgage debt is among the debt that has the lowest interest rate, compared to car loans, personal loans, and credit cards. If mortgage refinance can help you reduce monthly debt payment by taking out cash from your home equity, then it's worth it. Many people also use mortgage refinance to help them weather life events or simply invest in another property. Talk to one of our experienced mortgage advisors to see if mortgage refinance is Worth It for YOU.