Refinancing means renegotiating your existing mortgage loan agreement, usually to access the equity in your home, or to lower other borrowing costs by taking advantage of a lower interest rate. Refinancing can help you consolidate debt or pay for other large expenses like education or renovations.
loanspot.ca has a directory of referral partners that will get you into a mortgage. A good mortgage broker will be able to help you find the mortgage term that is best suited to your financial needs.