Why borrowers review a refinance
Reasons people consider it
- consolidating higher-cost debt
- funding renovations
- accessing equity
- changing the payment or term structure
Considering a refinance
A refinance may change the amount, term or structure of an existing mortgage. A complete review is needed to assess available options, costs and suitability.
Costs and trade-offs to weigh
- a charge may apply to end your current term early
- legal and appraisal fees can apply
- a longer amortization usually means more total interest
- it changes your equity position
How the review works
- an assessment of your current mortgage
- a comparison of options against your stated goal
- a complete application only when you choose to proceed
Why work with a broker
Mortgage guidance built around your options
A mortgage broker can help you review available options from multiple lenders, understand lender requirements, and compare solutions based on your goals, income, credit profile, down payment, property type, and long-term plans.
No broker can guarantee approval, a specific rate, or that every borrower will qualify. The goal is to help you understand your options before you commit.
Read more about working with a brokerConsider:
- why you are considering a change and your preferred timing
- potential charges, fees and other trade-offs to discuss before proceeding
- when to continue to a complete mortgage application
Protect sensitive information
Use the right channel for each step.
Use the public contact routes only for a general objective and contact details. Do not email or submit financial documents, identity records, credit information, or detailed debts.
See how the process worksChoose your next step
Ask a general question or continue to the mortgage application.