Homeowners refinance for many reasons — to renovate, consolidate debt or bring a mortgage to a new home. See if it’s the right move for you.
Thinking of accessing some of the equity in your home to consolidate debt, fund a new project, purchase another new home, or send a child to school? Depending on your situation, refinancing your existing MCAP mortgage may be an option to help you reach those goals.
How much will a new mortgage cost you each month? Quickly calculate your payments to find out.
Mortgage payment calculatorAs you refinance, it’s worth checking that your current mortgage is still the right fit. Check out our mortgage options.
Mortgage productsOur MCAP customer service team is ready to help answer any questions you might have about refinancing.
Call: 1-800-265-2624
An application to refinance can be done online or over the phone by speaking with one of our Customer Service Specialists
Apply by phone: 1-866-514-4896
How much will a new mortgage cost you each month? Quickly calculate your payments to find out.
Mortgage payment calculator
MCAP provides different mortgage options to fit your needs. Take a look at what we have to offer and see what will work for your refinance.
A Mortgage Broker will help as you navigate the process to refinance your mortgage and make the move to MCAP.
Why use a mortgage broker?
Watch our quick video to understand the benefits of using a mortgage broker
Buying a Second Home?
If you’re refinancing to invest in another property, take a look at our rental and secondary home programs.
Enter the MyHome Sweepstakes
As an MCAP mortgage client, you’re eligible to enter the MyHome Sweepstakes — where you have the chance to win amazing prizes for you and your home!
How to Choose Between a Home Equity Line of Credit, Refinance, and Second Mortgage
Looking to take on some home renovations? Want to consolidate debt? Aiming to send a child to post-secondary school? Accessing the equity you have built up in home is a great way to reach the goals that matter to you. And, there are a few ways you can go about it: refinancing your current mortgage; obtaining a Home Equity Line of Credit (HELOC); and taking on a second mortgage.
Home Equity Line of Credit (HELOC): The What, Why & How
Home Equity Lines of Credit (known as HELOCs) are becoming increasingly popular among Canadian homeowners due to their flexibility in providing access to credit at a low interest rate.
3 Factors to Consider When Selecting a Mortgage
It’s important that your mortgage provides the flexibility you need to make homeownership a bit easier. Read 3 factors to consider when selecting a mortgage.
Mortgage Renewal Process Checklist
At MCAP, we make the mortgage renewal process simple and straightforward for you. Read our checklist to help guide you through the mortgage renewal.