Mortgage Options
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Rates updated Oct 18, 2025
Rates updated Oct 18, 2025
Get your best rate in 3 steps
- 1See how much you can borrow
- 2Compare your monthly payments
- 3Connect with a broker
Award-winning mortgage brokerage in Ontario with 2,000+ 5-star reviews
Since 2015, 360Lending has been helping homeowners across Ontario get better rates on home equity loans, HELOCs, and mortgage refinancing.
Proven Success
We fix problems banks can't. We help homeowners with overextended credit or income and high debt load.
Hassle-Free Approval
Get an instant estimate, schedule a call with a broker, and review your options from the comfort of home.
Transparent Advice
Rated A+ by the Better Business Bureau. Our brokers are committed to your best interest—always.
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Mortgage Refinancing with 360Lending
Get approved with major banks or B lenders
Increase your mortgage, pay off debt, or get a lower rate by refinancing. Our team negotiates on your behalf to get the best rates from major banks and B lenders in Canada. Self-employed borrowers can qualify for more through B lenders using stated income programs.
How to refinance with the best rates (5 steps):
1
Get your estimate in 60 seconds
See how much you can borrow and your estimated monthly payments with our estimation tool - all before speaking with a broker.
2
Get your approval in 24 hours
Schedule a call at the end of your estimate to talk to a broker and receive your conditional approval within 24 hours.
3
Review your options
Receive a personalized report of your credit and debt-to-income ratios. See where you may qualify and how much you can save.
4
Compare with 100+ lenders
We negotiate with banks, B lenders, and private lenders to get you the best rates for your situation.
5
Receive funds within 5 to 8 days
Have your funds deposited into your account within 5 to 8 business days after your documents are signed.
Approved amount $480,000
Previous mortgage $430,000
Increased amortization to 30 Yearsto reduce payments
Refinancing with B Lenders
Andrew and Erin bought their home nearly five years ago and were approaching their mortgage renewal. Andrew, an accountant, had solid credit and a low debt-to-income ratio. Erin, a talented web designer, is self-employed and often writes off business expenses to reduce her taxable income—a common strategy, but one that can complicate refinancing with traditional lenders.
The couple had a $430,000 mortgage and wanted to refinance to access an additional $50,000 for home renovations. However, major banks declined their application because Erin’s reported income was too low to qualify. They needed a more flexible solution—one that would account for their actual financial position.
How to Refinance as Self-Employed Individuals:
Our team walked Andrew and Erin through the methods and options for refinancing, including how B lenders assess self-employed applicants. We used a mortgage refinance calculator to estimate their potential monthly payments and reviewed the costs and considerations of refinancing, including extending their amortization to improve cash flow.
Andrew provided his T4s and recent pay stubs. For Erin, we collected 12 months of business bank statements, recent invoices, and a breakdown of operating expenses to demonstrate real earning capacity—critical when pursuing a bad credit refinance mortgage or one based on stated income.
After assessing their eligibility and suitability, we recommended a B lender solution with a 30-year amortization. This allowed them to unlock $50,000 for renovations while lowering their monthly payments—one of the key reasons and benefits of refinancing for families balancing short-term needs with long-term plans.
Results
Andrew and Erin’s mortgage refinancing was approved with a B lender after being declined by major banks. By extending their amortization from 25 to 30 years, they significantly reduced their monthly obligations. The $50,000 was used to upgrade their home, and Erin retained the ability to manage her taxes efficiently as a self-employed professional. This outcome highlights the pros and cons of refinancing—while alternative lenders may charge slightly higher mortgage refinance rates, they offer flexible underwriting and faster approvals. It's a great example of how real families benefit from expert guidance and personalized solutions—especially when traditional lenders say no.
Get an estimate of your monthly payment:
*The information presented is for illustrative and educational purposes only.
Mortgage Refinancing in Ontario, Canada
We recommend getting the following documents ready to ensure a seamless experience:
2 valid IDs (i.e. passport)
Direct deposit (or void cheque)
Home insurance
Mortgage statement
Property tax bill
T4s from the past 2 years & pay stubs (salaried or hourly)
Bank statements (self-employed or retired)
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360Lending empowers families with tools for better decisions and prioritizes client care for success.
9040 Leslie St, Unit 215
Richmond Hill, Ontario, L4B 3M4
Mon-Wed9am-8pm
Thurs-Fri9am-5pm
Sat-SunClosed
