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Mortgage Refinance · Ontario · Alberta · Saskatchewan

Refinance to lower your payment,
consolidate debt, or unlock equity.

Refinancing replaces your current mortgage with a new one — up to 80% of your home's value. Use it to cut your rate, roll high-interest debt into one payment, or pull out cash. We also refinance when the banks say no.

✅ Bad-Credit Refis
⚡ Free Penalty Review
🏠 Up to 80% LTV
★★★★★5.0· Google Reviews

🏠 How Much Equity Could You Unlock?

Estimated home value$700,000
$200K$2M+
Mortgage balance$300,000
$0$1.5M
You may qualify for up to$260,000

Estimates only. Actual amount depends on equity, property appraisal and lender.

💲
50+
Lenders Shopped
🕐
24–48 hrs
Typical Approval Time
🏅
10+ Years
of Experience
📍
ON · AB · SK
Licensed & Serving
🔒
100% Digital
Secure & Confidential
Key Takeaways
  • ✓Refinancing replaces your existing mortgage with a new one — up to 80% of your home's value.
  • ✓The #1 reason our clients refinance: roll 19–29% credit-card debt into one low monthly payment.
  • ✓We arrange refinances through B-lenders and private lenders when the bank declines on credit or income.
  • ✓Watch the costs: a prepayment penalty (3 months' interest or IRD), legal fees, and an appraisal ($300–500).
Eligibility

Banks decline refinances
over credit. We don't.

A refinance is the most powerful way to consolidate debt and lower your payment — but banks reject borrowers over a soft credit file or self-employed income. We shop 50+ lenders, including B and private, to get it approved.

  • 📉
    Consolidate high-interest debtRoll cards and loans into one low mortgage payment
  • 💳
    Bruised credit & past arrears OKB and private lenders approve on equity
  • 📋
    Self-employed & variable incomeNo two-year T4 requirement with alternative lenders
  • 🏠
    Up to 80% of your home's valuePull out cash for any purpose
Apply in 60 Seconds
Lower Your Payment.
Unlock Your Equity.
Step 1 of 119%
GET STARTED
Do you own the home you're applying against?
Ownership is the primary eligibility requirement. Principal residence or investment property.
Yes
No
YOUR PROPERTY
What is your home's estimated current value?
Use your best estimate based on recent neighbourhood sales. We verify with an appraisal later.
$750,000
Estimated Home Value
$200K$2M+
YOUR MORTGAGE
What is your remaining mortgage balance?
Check your most recent mortgage statement. If you have no mortgage, set to $0.
$450,000
Outstanding Mortgage Balance
$0$1.5M
EXISTING DEBT
Do you have a HELOC or second mortgage on this property?
An existing HELOC or 2nd mortgage reduces available equity. Select No if you only have a primary mortgage.
✅ Yes, I have one
🚫 No, I don't
$50,000
HELOC / 2nd Mortgage Balance
$0$500K
LOAN AMOUNT
How much would you like to borrow?
Your target loan amount. Final approval depends on your equity and property appraisal.
$50,000
Requested Loan Amount
$10K$500K+
YOUR GOAL
What is your primary reason for this loan?
Select the option that best describes your main goal. Helps us match you with the right lender.
📉 Consolidate Debt
💰 Lower My Payment
🏠 Pull Out Equity
🏛️ Pay Off CRA
⚠️ Stop Power of Sale
🌟 Other
YOUR LOCATION
What city is the property located in?
Property location affects lender availability and processing time.
Please enter a city name.
ABOUT YOU
What's your name?
Your broker will use this to personalize your assessment.
Please enter your name.
CONTACT INFO
What's your email address?
We'll send your free eligibility summary here. We never share your info.
Please enter a valid email.
CONTACT INFO
What's the best number to reach you?
Your licensed broker will call within one business day. No pressure, no obligation.
Please enter your phone number.
PROPERTY ADDRESS
What is the property address?
Lets us verify ownership and prepare an accurate equity summary for your broker call.
Please enter the property address.
CreditReboot
RECEIVED
Thank you for choosing CreditReboot Mortgages.
You will receive a text & email shortly to schedule a time to discuss your options.
YOU MAY QUALIFY FOR UP TO
$0
Based on 80% LTV — subject to application, property & lender approval.
No Upfront Fees · No Credit Check Without Consent
Canada's Trusted Digital Mortgage Broker
Reasons to Refinance

One new mortgage.
A fresh financial start.

Refinancing isn't just about chasing a lower rate. Here are the most common reasons Canadian homeowners refinance with CreditReboot.

📉

Consolidate Debt

Fold cards, loans and lines into your mortgage at a fraction of the interest.

Avg. saved: $1,000+/mo
💰

Lower Your Rate

If rates or your situation have improved, a new mortgage can cut your payment.

Payment relief
🏠

Cash-Out Equity

Access up to 80% of your home's value as a lump sum for any purpose.

Up to 80% LTV
🏛️

Clear Tax Arrears

Wrap CRA or property-tax debt into your mortgage before enforcement.

Equity-based
🔧

Change Your Terms

Switch from variable to fixed, or restructure for breathing room.

Flexible
Compare Your Options

Refinance vs HELOC vs Second Mortgage

Refinancing is one of three ways to tap equity. Here's when each makes the most sense.

FeatureRefinance (CreditReboot)
✓ Recommended		HELOCSecond MortgagePersonal Loan
Replaces 1st MortgageYes✓ No✓ NoN/A
Best ForLower rate / big consolidationFlexible accessKeep low 1st rateSmall amounts
Breaks Current Mortgage⚬ Yes (penalty)✓ No✓ No✓ N/A
Max LTV80%65–80%80%N/A
Bad-Credit Path✓ B / private⚬ B / private✓ Private⚬ Limited
Typical RateLowest of the threePrime + 0.5–2%Higher9.99–19.99%
Show Me The Math

How much equity could you unlock?

Slide the numbers to estimate the cash a refinance could free up from your home.

Estimate Your Equity
Home value$700,000
$200K$2M+
Mortgage balance$300,000
$0$1.5M
You may qualify for up to$260,000

Refinancing up to 80% of your home value lets you roll high-interest debt into one low payment — often freeing up more than $1,000 a month in cash flow. Because your utilization drops, your credit score typically starts recovering within 60–90 days.

Illustrative only. Actual savings depend on rate, amortization and your full mortgage.

Check My Numbers →
Our Process

The Digital CreditReboot Process

No branch visits. No waiting in line. No unnecessary paperwork. Just a simple digital process from start to funded.

1

Pre-Approval

Fill out the form, speak to a licensed CreditReboot broker, and get your personalized quote — usually within 24 hours. No credit check at this stage.

2

Application & Approval

We shop your deal across 50+ private and alternative lenders and present you with your best approval to choose from.

3

Funding

Sign the broker documents, complete the legal paperwork with a lawyer or notary, and receive your funds — typically within 3–5 business days.

YOUR REFINANCE JOURNEY TO BETTER RATES
1
Right Now
21.99%
High-Interest Debt
Multiple payments, minimums that barely move the balance, and a credit file the bank won't touch.
2
Month 1
Refinance
Consolidate & Reset
One new mortgage absorbs the debt. Payment drops, utilization falls, score starts climbing.
3
12–24 Months
~Prime
Qualify for an A-Lender
With a clean payment history, we refinance you again into prime bank rates. Wealth-building begins.
What Our Clients Say

Trusted by homeowners
across Canada

Real Google reviews from homeowners in Ontario and Alberta who worked with CreditReboot.

★★★★★

"They were able to help me with a second mortgage based on equity without any income requirements and lowered my monthly payment by helping me consolidate credit card debt. I highly recommend them."

H
Harman S.
Brampton, Ontario
★★★★★

"I was in a total bind looking to get financing against my property in Alberta. Parm gave me options even after letdowns from the banks, and worked tirelessly to find me a lender. By far the best I've worked with in a difficult situation."

M
Manno
Calgary, Alberta
★★★★★

"Our bank wasn't helping with refinancing. Parm gave us step-by-step insight on every detail, answered every question, and was always available. If you need help refinancing, look no further than CreditReboot."

V
Vikram
Brampton, Ontario

Get your free refinance & penalty analysis

Free eligibility check. No impact on your credit score. Licensed brokers ready to call you today.

Apply in 60 Seconds →
FAQ

Common questions

Answers to the questions we hear most from homeowners in Ontario, Alberta, and Saskatchewan.

Can I refinance my mortgage in Canada with bad credit?
+
Yes. Even if a bank has declined you, alternative and private lenders can refinance based on your home equity rather than your credit score. As long as you have enough equity — usually at least 20% — refinancing with bruised credit is very achievable.
How much equity do I need to refinance my mortgage in Canada?
+
To refinance, you generally need to keep at least 20% equity, meaning you can borrow up to 80% of your home’s value. With stronger credit you may access the full amount; with weaker credit, lenders may want a slightly larger equity cushion. The more equity you have, the more options open up.
Can I refinance my mortgage to consolidate debt?
+
Yes, and it’s one of the most powerful reasons to refinance. By rolling high-interest credit cards, loans, and other debts into your mortgage at a much lower rate, you can slash your total monthly payments and interest. Many homeowners save hundreds — sometimes thousands — every month.
Can I refinance if my income has changed?
+
Often, yes. If you’re self-employed, on contract, or your income has shifted, alternative and private lenders can qualify you based on equity and overall circumstances rather than strict income rules. A change in income doesn’t have to be a dead end.
Can I refinance before my current mortgage term ends?
+
Yes, though breaking your term early may trigger a prepayment penalty. The key is whether your savings or the funds you unlock outweigh that penalty — and we’ll calculate that for you before you commit. In many cases the benefit clearly wins, but we’ll show you the real numbers first.
What costs are involved when refinancing a mortgage in Canada?
+
Refinancing can involve an appraisal, legal fees, and possibly a prepayment penalty if you break your current term early. These costs are often rolled into the new mortgage, and the long-term savings frequently outweigh them. We’ll lay out every cost up front so there are no surprises.
Can I refinance my mortgage to pay off CRA debt?
+
Yes. Refinancing is one of the most effective ways to clear CRA tax debt, and many alternative and private lenders will approve refinances specifically to pay out arrears with the Canada Revenue Agency. Clearing CRA debt this way can also stop liens and further interest from piling up.
Can refinancing help lower my monthly payments?
+
Yes. Refinancing can lower your payments by securing a better rate, extending your amortization, or consolidating expensive debts into your mortgage. For homeowners feeling squeezed each month, it’s one of the fastest ways to free up cash flow.
Is refinancing better than getting a second mortgage?
+
It depends on your first mortgage. If your current rate is high or your term is ending, refinancing into one new mortgage is often best. If your rate is low or the penalty to break is steep, a second mortgage that leaves the first untouched may cost less — we’ll compare both for you.
How long does mortgage refinancing take in Canada?
+
A straightforward refinance typically takes about two to four weeks from application to funding, depending on the appraisal and legal steps. Alternative and private lenders can often move faster when timing is tight. We’ll keep the process moving and keep you updated throughout.
Still have questions?
Speak directly with a licensed CreditReboot mortgage broker. No commitment, no credit check, no pressure.
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