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What are the Costs of Refinancing a Mortgage in Toronto?

What are the costs of refinancing a mortgage in Toronto?

 

I was hoping to get some more information regarding the costs associated with refinancing a mortgage in Toronto.

 

Are there extra costs when wanting to refinance?

 

Do I really need to refinance my mortgage?

 

What are some of the things I need to take into consideration before deciding whether or not to refinance my mortgage?

 

Thank you.

Answers

By Canadalend
Hi there and thank you for reaching out to the Canadalend team with your inquiry.
 

Refinancing your mortgage is not for everyone, when refinancing your mortgage, it is important to take into consideration that there will more than likely be a list of additional fees you did know about. Some of these fees include, a lender fee, a broker fee, paying for appraisal, and legal fees.

 

Refinancing your mortgage is a great idea for those wanting to consolidate their debts, paying for education, renovating their home, or even a funds needed for a family emergency.

 
I hope this has helped to answer your question, feel free to contact a member of the Canadalend team directly for if you are in need of additional information: 1-866-422-6536
 
Details about the services and mortgage solution options available through Canadalend can also be found here: https://www.canadalend.com/services/
 
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