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3 years fixed rate, Unpublished Promo, APR 2.89% as of Apr 24,2012,OAC2.89% 5 years fixed rate, Unpublished Promo, APR 3.19% as of Apr 27,2012, OAC, Must close before May 30,2012. Some conditions may apply, Call for details3.19%
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May 17, 2012

Mortgage Renewal Strategy

Clients often send us mortgage renewal letters.  It’s interesting how banks try to sell really high rates in these letters – they actually hope someone will buy them.In one case, the bank offered the client a 5-year fixed rate of … Continue reading →


May 16, 2012

Eurozone debt crisis threatens Canadian economy

According to Finance Minister Jim Flaherty, the eurozone is almost at a turning point at the moment. Nevertheless, there’s still a chance for Greece to avoid a failure. Otherwise, the consequences will affect not only the Canadian banking sector, but … Continue reading →


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Mortgage Refinancing Option

As the economy in Canada is recovering from a slow growth period following a serious downward cycle in the latter part of 2008, people have spent a lot of their efforts looking to find ways to fix their financial situation, including budgeting themselves and looking to refinance their mortgage because as the interest rates in Toronto are at a level that is very favourable for consumers, the option of mortgage refinancing will allow you for ability to consolidate any outstanding issues to have and will potentially get you some money in your pocket to do the things that you want to do. Mortgage refinancing is very common and there are many financial institutions in Toronto that will be able to assist you if you are ready. With the major banks having professional advisors ready to help, that is one option to go with.

A second option is to go with a mortgage brokerage firm in Toronto, and there are many of those to consider as well. The question now becomes, which lending institution is better suited to help, a bank or a mortgage broker. One mortgage brokerage firm in Toronto that has over 20 years of experience with it and has 2 very qualified mortgage brokers with them is Michael Tulchenetskiy & Denys Derzhavets, ready to assist you to do mortgage refinancing. They will be able to sit down with you, present with you the many different options when it comes to refinancing your mortgage, and they even welcome new clients looking to switch lenders with the idea of refinancing their mortgage all along. Whether you are new at mortgage refinancing and you are not sure where to turn, Northwood Mortgage and Michael Tulchenetskiy & Denys Derzhavets are here to help you. Conveniently located in Toronto, they service the GTA, including Richmond Hill, Thornhill, North York, Mississauga, Vaughan and Markham.

Offering very competitive rates including 10 Year Fixed Rate Specials, 5 Year Variable rates, mortgage rates at or below prime and 5 Year Fixed Mortgages with the option of cash back, you will be completely satisfied with there ability to provide you with great service and efficient refinancing, so you get back on track financially. As members of The Canadian Association of Accredited Mortgage Professionals (CAAMP), you have the assurance that you are dealing with recognized professionals in Toronto. Feel free to contact them either by phone, e-mail and they will get back to you to setup a time to come into the office so they can provide you with all the information you need to make a smart decision. You are not obligated to be pressured into any decision that is why, get all your facts straight before you decide what it is you need to do when it comes to mortgage refinancing.