A mortgage refinance is often a cost-effective way to use home equity to pay off debt, renovate, buy an investment property, send your kids to school or even free up cashflow to better help make ends meet and have money left over at the end of each month. High-interest debt such as credit cards and unsecured credit lines can quickly cause cashflow issues. And if you’re unable to pay off the balance each month, the interest sure can add up. By rolling everything into your mortgage, you’ll pay a lot less each month and save on interest payments. Whatever your needs, we’re here to help weigh the pros and cons and ensure you’re aware of any penalties you may face for breaking your mortgage before making a decision.