- Pre-approval in as little as 24 hours
- Credit scores 650 and below welcome
- Licensed Ontario mortgage brokers — FSN #13301
- No hidden fees — straightforward advice you can trust
Cambridge
Galt
Preston
Ontario
Emily Innala
Refinance
Refinancing is the process of replacing an existing mortgage with a new loan that offers better terms, such as a lower interest rate or a different amortization period. Homeowners often refinance to reduce monthly payments, convert variable-rate loans to fixed rates or access equity through a cash‑out refinance. By paying off the original mortgage and taking out a new one, borrowers may shorten or extend their repayment schedule, consolidate high‑interest debts into a single low‑rate loan or free up funds for home improvements.
Lighthouse Lending assists by evaluating a client’s current mortgage, credit profile and goals, then compares offers from various lenders to find a loan that saves money and fits the borrower’s financial plan. Their advisors explain how different interest rates and amortization options affect monthly payments, and they handle the paperwork and negotiations to ensure a smooth transition.
Refinancing
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We move quickly so you don't lose momentum on your financial goals.
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Credit challenges don't disqualify you. We've seen every situation and helped through it.
Our volume gives us access to preferred rates banks simply can't match.
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While requirements vary by loan type, we work with buyers with scores as low as 580 for FHA loans. Conventional loans typically require 620+.
In Ontario, the minimum down payment is 5% for homes up to $500,000, 5% on the first $500,000 and 10% on the portion above that up to $1.5 million, and 20% for homes over $1.5 million, with mortgage insurance required if you put down less than 20%.
Mortgage rates change frequently based on market conditions, but in Canada, most borrowers are currently seeing approximately 3.8%–5.5% for fixed rates and around 3.3%–4.5% for variable rates, depending on the lender, term, and your financial profile.
The mortgage process typically takes 1 to 4 weeks, depending on factors like document submission, lender approval times, and the complexity of your application.
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