Costs of refinancing
Before you refinance your mortgage, you should be aware of the potential costs involved. Depending on the method of refinancing you choose, you may have to pay a mortgage refinance penalty. In the following guide, you can learn how mortgage refinance penalties are calculated for different types of mortgages. Browse the pages below to find a breakdown of mortgage refinancing costs associated with each method of refinancing.
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Mortgage penalty
A mortgage refinance penalty is incurred when you make a change to your mortgage before your term is up. In Canada, banks...
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Cost of refinancing
People refinance their mortgage to get a lower interest rate or access the equity they’ve built in their home. While this can be...
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