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Which companies offer mortgage refinance with no closing costs in Toronto?
Wiki User
∙ 10y ago
There are a number of companies in the Toronto area that offer mortgage refinance with no closing costs. They include City Can, Smart Choice Mortgages and Butler Mortgage.
Wiki User
∙ 10y ago
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What are the refinance costs involved in closing a mortgage?
The refinance costs involved in closing a mortgage all depends on the financial institution that holds the mortgage. Most will not have an additional cost, while others may charge.
What is the use of no closing cost mortgage refinancing?
The purpose of no closing cost mortgage refinancing is to move or add any closing costs associated with a home mortgage refinance to the tail end of the loan that is be refinanced. No money is needed at the time of the refinance, but will be paid back, with interest, during the duration of the mortgage loan.
Where could mortgage refinance with no closing costs be found?
You can normally refinance your mortgage with no closing fee if you can manage to renegotiate a mortgage with your existing lender. Otherwise, you can try asking in forums for the latest deals and reading blogs. Review sites are also helpful.
Do you need a lawyer for the closing to refinance your mortgage?
I believe it depends on the state you live in.
Are there any companies that will refinance with only one person in the case of a divorce?
If your spouse is on the title and/or mortgage with you, then you may refinance in your name only and have them removed from title BUT only with their consent. They have to also be at the closing. Thanks Edward David American Home Loans 866-281-5363 Ext. 1020
What are the refinance costs involved in closing a mortgage?
The refinance costs involved in closing a mortgage all depends on the financial institution that holds the mortgage. Most will not have an additional cost, while others may charge.
What is the use of no closing cost mortgage refinancing?
The purpose of no closing cost mortgage refinancing is to move or add any closing costs associated with a home mortgage refinance to the tail end of the loan that is be refinanced. No money is needed at the time of the refinance, but will be paid back, with interest, during the duration of the mortgage loan.
Where could mortgage refinance with no closing costs be found?
You can normally refinance your mortgage with no closing fee if you can manage to renegotiate a mortgage with your existing lender. Otherwise, you can try asking in forums for the latest deals and reading blogs. Review sites are also helpful.
How does no cost mortgage refinance work?
No-cost mortgage refinance refers to a situation where a borrower pays no closing costs on a mortgage that is refinanced. Typically, this is done because the new lender will pay the original lender the closing costs, and will still make a profit at the lower mortgage rate.
Do you need a lawyer for the closing to refinance your mortgage?
I believe it depends on the state you live in.
Where can one obtain mortgage refinancing with no closing costs?
Many banks and mortgage companies offer various perks to refinance with their company. Contact local banks and negotiate all fees. Many other fees are negotiable as well.
What are typical costs during a mortgage refinance?
Closing costs vary by region and by lender. Some lenders charge a flat-rate for a refinance, while others may extend an offer of no closing costs. Your best bet is to contact your lender and ask about closing costs for a refinance. Your banker or real estate professional can fill you in on details.
Is a mortgage discharged when renewing mortgage?
If you refinance your mortgage, the attorney representing the bank will use the proceeds of the new mortgage to pay off the existing mortgage and a discharge of that mortgage should be recorded in the land records. You must make certain you ask that question at the closing before you sign anything.
Are there any companies that will refinance with only one person in the case of a divorce?
If your spouse is on the title and/or mortgage with you, then you may refinance in your name only and have them removed from title BUT only with their consent. They have to also be at the closing. Thanks Edward David American Home Loans 866-281-5363 Ext. 1020
Mortgage Refinance Breakeven?
Mortgage Refinance Breakeven How long will it take to breakeven on a mortgage refinance? That depends on a multitude of factors including your current interest rate, the new potential rate, closing costs and how long you plan to stay in your home. Use this calculator to sort through the confusion and determine if refinancing your mortgage is a sound financial decision. Click the "View Report" button for a detailed look at your records.
How can one refinance a mortgage with no closing costs?
Five-Star-Mortgage dot com in Henderson, NV. carries free closing costs mortgages for the following: Reverse mortgage Conventional mortgage VA loan FHA loans And are currently licensed in NV, CA, WA, OR, UT, AZ, HI, and FL to process mortgage loans. Hope this can help those looking to save a lot of money
Who could give good advice about closing a refinance loan?
Many mortgage advisers will do this but also small consulting companies. Of course you have to be prepared to pay some money for the consultancy. Depending on the case some of them can offer you a free consultancy.
