What Are the Risks of Refinancing A Mortgage?
Best Mortgage Online04 May, 2022Finance
If you are a homeowner in Canada, especially on your first mortgage, it is common for you to hear people talking about ?refinancing a mortgage.? According to the Canadian Mortgage and Housing Corporation (CMHC), refinancing a mortgage means securing another loan as a homeowner to pay off the prior mortgage. What this means, in essence, is that the new loan is used to get rid of the original mortgage.
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