Mortgagenomics Canada

A mortgage refinance is often a momentous and rejuvenating experience. For most homeowners it's an opportunity to reset and forge a new pathway to a more promising outcome (i.e. paying off high interest debt with low interest mortgage funds), and in the process of doing so, perhaps establishing or creating a more pronounced awareness of spending and more importantly, recognizing the consequences - of overspending. It's a second chance...and rather than calling on a family member or close friend to bail you out, you call on your home to do so. And then there are the refinancers coming from an entirely different angle...the ones that are looking to tap into their equity to further improve their net worth by borrowing from their home equity to invest. These are the refinancers who are set on leveraging good debt to create wealth and ultimately increase their net worth.Regardless of what it is that motivates one to refinance their mortgage, another outcome arises that is often not accounted fo