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The Power Of Refinancing

Author: 
Toronto Realty Boutique
Publication date:
December 1, 2022
Article Summary: 

The blog discusses the power of refinancing in real estate investing and homeownership. Refinancing means replacing an older loan with a new loan that offers better rates and/or terms. By refinancing, homeowners can save hundreds or even thousands of dollars per year. Canadian banks finance the purchase of real estate for many years, with the ‘security deposit’ being the property itself. The blog suggests that using leverage to finance investments is one of the key strategies for maximizing returns. The tenant pays off the mortgage, eventually leaving the owner with a mortgage-free property that will continue to generate cash flow. The benefits of refinancing include better interest rates, freeing up capital for other investments, and maximizing returns.

Keywords: 

efinancing, real estate investing, leverage, mortgage, cash flow.



Source Citation: 
Toronto Realty Boutique
The Power Of Refinancing
December 1, 2022
https://torontorealtyboutique.com/the-power-of-refinancing/
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