What Is a Refinance or remortgage? How it works?

Mortgages Montreal02 Jan, 2025Finance

Refinancing is an act of raising loan money from an existing mortgage loan. It is generally applicable to all first mortgage loans. These loans need to be repaid within a stipulated payment schedule that you have to abide by as a borrower. If you pay a large down payment to the lender you are likely to get better interest and repayment terms.