Welcome to ADSUM Financial Inc. Turn Dream of Homeowner Come True.


Refinance your mortgage when doing so will save money or give you financial flexibility. Mortgage refinancing is generally something that is done in order to access the equity in one’s property. Your home is likely your most important financial asset. Refinancing your mortgage can allow you to take advantage of any equity in your home to:

  • Consolidate non-mortgage debts.
  • Help cover the cost of home renovations.
  • Pay for a child’s post-secondary education
  • A Drop in mortgage rates has left you paying higher interest on your existing mortgage…time to renegotiate your existing mortgage
  • A drop For the purpose of borrowing to invest in a second property

Other reasons people refinance: to replace an adjustable-rate mortgage with a fixed-rate loan, to settle a divorce etc.

Your home may be your most valuable financial asset, so you want to be careful when choosing a lender or broker and specific mortgage terms. Remember that, along with the potential benefits to refinancing, there are also costs.  When you refinance, you pay off your existing mortgage and create a new one. You may even decide to combine both a primary mortgage and a second mortgage into a new loan. Refinancing may remind you of what you went through in obtaining your original mortgage, since you may encounter many of the same procedures--and the same types of costs--the second time around. Be sure you are refinancing for the right reasons and that the new mortgage doesn’t simply become a short term solution and a burden moving forward.