Thank you for your question regarding mortgage refinancing and how this affects your credit score.
Creditors will run your credit report when refinancing your
mortgage which results in hard inquiries.
Hard inquiries tend to lower your
credit score by a few points.
But it is important to keep in mind that the influence
on an inquiry on your credit decreases over time.
I hope this has helped to answer your question regarding refinancing and credit scores. Remember to contact a member of the Canadalend team directly to learn more about the mortgage or refinancing options available to you.