Brokerage #13763
Refinancing replaces your current mortgage with a new one so you can change your rate or term, borrow against your home equity (generally up to 80% of appraised value) or consolidate higher-interest debt.
5.0 on GoogleWhere are you at right now?
No obligation
Up to 80% LTV
4.74% per year
Up to 80% LTV
3.89% per year
Up to 80% LTV
5.74% per year
As of September 24, 2026 for 5-Year Fixed and 5-Year Variable. As of October 8, 2026 for Alternative 3-Year Fixed. Starting rates shown for comparison, subject to lender approval. Your rate depends on your credit, income, equity and the property.
Tell us what you want from a refinance, a different rate or term, equity access or debt consolidation.
We compare the penalty to break your current mortgage with what a new one would change, before you decide.
We look at banks, credit unions, monoline lenders and alternative lenders and show you the options that fit your file.
We handle the application, document collection, lender conditions and appraisal coordination.
Your lawyer registers the new mortgage and the funds are advanced according to your lender's conditions.
Banks, credit unions, monoline lenders and alternative lenders compared for your file, not one lender's range.
We compare the penalty to break your current mortgage with what the new one would change before you decide.
lendsimpl is licensed and regulated by FSRA (Brokerage #13763), required to disclose fully and act in your interest.
We explain your options and what to expect at each step.
5.0 on Google
Verified reviews
Up to 80%
Maximum loan to value on a refinance
50+
Lenders compared
30 minutes
Call to review your options
FSRA Licensed
Ontario-wide
Mortgage refinancing means replacing your current mortgage with a new one, at a different rate, for a larger amount or on different terms. Toronto homeowners refinance to lower their payments, to access home equity (up to 80% of the property's appraised value in Ontario) or to consolidate higher-interest debt into their mortgage.
You'll be talking to
Tissa RatnayakeLicensed Mortgage Broker
Anne XavierLicensed Mortgage BrokerNot a call centre, real people, individually FSRA-licensed.
lendsimpl is licensed and regulated by FSRA (Brokerage #13763), required to disclose fully and act in your interest.
Any fee that applies to your file is disclosed in writing before you commit.
Your information is handled under our privacy policy.
Comparing your options does not commit you to anything.
5.0/5 average rating on Google
“Damien Atapattu made my mortgage process completely stress‑free. He prepared all documents ahead of time and clearly understands lender, lawyer, and appraisal requirements. A friendly, energetic professional who gets results.”
Aruna Bandaranayake
Google review · 6 mo ago
“Highly recommend! Damien took a lot of time to explain the terms thoroughly. He is very knowledgeable and trustworthy. Looking forward to working with him again!”
Tommy Ravindran
Google review · 7 mo ago
“Shamal was amazing throughout the whole process. He is very helpful, knowledgeable and patient. If you need a good reliable mortgage broker he is the guy! He will find you the best solution.”
Avy Loc
Google review · 8 mo ago
“Highly recommend. Damien was excellent throughout everything. Walking us through everything step by step. He was extremely well prepared and well versed in everything we needed to get a mortgage at a great rate.”
John Abraham
Google review · 8 mo ago
“I had a great experience working with Damien. He helped me secure a very competitive mortgage rate through Scotiabank and made the entire process smooth and stress-free. He was knowledgeable, transparent, and always quick to respond to my questions. I highly recommend him.”
Rz
Google review · 8 mo ago
“I approached lendsimpl for some financing and was amazed at the quality and time frame of service. Within a matter of days my deal was completed. Thanks to Damien and the team for expediting my business so efficiently. I highly recommend them for your financing needs. Five stars from us.”
Sunrise Meadows
Google review · 11 mo ago
The costs to expect when you refinance. Your broker confirms each one for your file.
| Cost | What to know |
|---|---|
| Prepayment penalty | Depends on your mortgage type and lender. Your lender can tell you the amount for your mortgage. |
| Legal costs | A lawyer registers the new mortgage. |
| Appraisal | Your lender may require one to confirm your home's value. |
| Discharge and other costs | These can apply depending on your lender and file. |
Any fee that applies to your file is disclosed in writing before you commit.
Look at a new rate or term when the numbers still make sense after the penalty to break.
Borrow against your home for renovations, investments or a basement suite, generally up to 80% of appraised value.
Roll higher-interest balances into your mortgage and simplify your monthly payments.
Change your term, amortization or payment structure as your income and plans change.
Straight answers before you decide.
Have a question we didn't answer?
Our licensed broker team is happy to help.
Refinancing replaces your current mortgage with a new one, at a different rate, for a different amount or with different terms. Toronto homeowners refinance to change their payment, access home equity, generally up to 80% of appraised value, or consolidate higher-interest debt.
Compare what you would change with what it would cost. The penalty to break your current mortgage, legal and appraisal costs, and the new rate and term all matter. We run those numbers with you before you decide.
For many variable-rate mortgages the penalty is typically three months' interest. For fixed-rate mortgages it is generally the greater of three months' interest or an interest rate differential, and lenders calculate that differential in different ways. Your mortgage terms and your lender's calculation decide the amount.
Often yes, if you have enough equity. Higher-interest balances such as credit cards or loans can be paid out through the new mortgage. The result depends on your equity, income and credit, and we explain the trade-offs, including a longer repayment period, before you decide.
Generally up to 80% of your home's appraised value, minus your current mortgage balance. As an illustration, a $1,000,000 home at 80% supports $800,000. With a $500,000 balance, that leaves $300,000 of available equity. Lenders set their own limits.
Yes. A refinance is a new mortgage, so the lender reviews your income, credit and property, and the federal stress test generally applies. Alternative lenders use different qualification rules, and we confirm what applies to your file.
We review your goal, compare lenders, coordinate the appraisal and handle the paperwork with you. Timing depends on the lender, the appraisal and your documents, so we give you a timeline for your file instead of a general promise.
Yes. lendsimpl is licensed and regulated by FSRA (Brokerage #13763), required to disclose fully and act in your interest, and arranges refinances across Ontario.
Still have questions?
Talk to a licensed broker.
From downtown Toronto to the rest of the GTA, we arrange refinances wherever your property is in Ontario.
Important
Rates and conditions
Rates shown are indicative for well-qualified applicants, subject to lender approval (OAC), and can change without notice. Your rate depends on your property, down payment or equity, credit profile and the lender.
Brokerage disclosure
lendsimpl is an FSRA-licensed mortgage brokerage (Brokerage #13763) serving Toronto and Ontario. Rates, lender terms and approval timelines vary by borrower profile and lender. All applicable fees are disclosed in writing before you proceed, as required by FSRA regulations.
Find out what refinancing could mean for your situation, a licensed broker reviews your file and models the numbers before you commit to anything.
Hello: I look forward to connecting with you. Tell us a bit about your situation and we'll walk through your options.
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lendsimpl is a Financial Services Regulatory Authority of Ontario (FSRA) licensed mortgage brokerage, Brokerage #13763. Nothing on this page is a mortgage offer, a rate quote or legal advice. Mortgage pricing varies by credit profile, down payment or equity, income type, property type, loan-to-value, term and lender, changes frequently, and is subject to lender approval and underwriting conditions, not every applicant qualifies for the rates shown. All applicable fees are disclosed in writing before you proceed. OAC. E&OE.
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