Prepared by LeSolace Corporation January 2026

Many Canadian homeowners don’t realize how powerful refinancing a mortgage can be when life changes.

At LeSolace Corporation, we help homeowners unlock equity strategically — not emotionally — whether the goal is stability, growth, or long-term wealth creation.

Here are 4 common reasons refinancing may make sense right now:

1️⃣ Pay Off Debt, Renovate, or Build Wealth

Mortgage refinancing can help you:
✔ Consolidate high-interest debt into one lower payment
✔ Fund home renovations without draining savings
✔ Use home equity for wealth creation strategies
✔ Purchase an investment property using existing equity

If your financial situation has changed, refinancing may be the most cost-effective reset.

2️⃣ Improved Credit = Better Mortgage Options

If your credit score has improved since your last mortgage:

• You may qualify for lower interest rates

• You may be able to move from a private lender to an alternative or prime solution

• Even Beacon scores around 500 may qualify for better refinancing options depending on equity

At LeSolace, we review credit strategically and help correct errors before submission — positioning you for approval, not rejection.

3️⃣ Increase Monthly Cash Flow

Life happens. Income changes. Expenses rise.

Refinancing can:

• Lower monthly mortgage payments

• Improve household cash flow

• Provide breathing room during temporary financial stress

In some cases, extending amortization can help short-term — with a clear exit plan to reduce long-term costs later.

4️⃣ Shorten Your Mortgage Term & Save Thousands

If you’re stuck in a higher-rate mortgage, refinancing into a better structure may:

• Reduce total interest paid

• Accelerate mortgage payoff

• Save tens of thousands over time

⚠️ Prepayment penalties and lender fees must always be factored in — and that’s where professional advice matters.

Your Mortgage. Your Strategy. Your Exit Plan.

Refinancing isn’t about chasing rates — it’s about making informed, responsible decisions that align with your long-term goals.

📍 Serving homeowners across Alberta | Manitoba | Ontario
🌐 Learn more at LeSolace.com/contact
📩 Message us to explore your refinance options (no pressure, no sales tactics)

*Subject to credit approval.
*Financial Planner and Credit Counselling contacts can be provided if  requested.