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Mortgage Types Available:
Fixed Rate Mortgages
Variable Rate Mortgages
Known Banks & Policies:
Scotia Bank http://www.scotiabank.com/cda Citizens Bank of Canada
With today's low interest rates, many homeowners are taking a hard
look at the financing of their most important asset.
If your mortgage is closed and you refinance before the renewal
date, you may face a penalty. However, it may still be worthwhile
to refinance. The key is to determine whether the potential interest-rate
savings outweigh the penalty.
Refinancing makes financial sense if the new refinancing rate is
at least two percentage points below your current rate
Other Fees / Taxes: