Mortgage Refinancing

See what refinancing could do for your finances before you commit.

Refinancing replaces your current mortgage with a new one. We help you look at the full picture first.

Why homeowners refinance

To change to a different rate type or term
To adjust the repayment period
To access some of the equity in the home, for example for renovations
To reorganize a mortgage after a change in life or income

The part people do not see coming: the cost

Breaking a mortgage early can bring a prepayment penalty, plus legal and appraisal fees. The savings from a new rate may be smaller than they look once these are counted. We help you compare the total cost of staying versus changing, so there are no surprises.

Refinance, renew or switch: what is the difference?

Renew: stay with your lender when your term ends.
Switch: move to another lender at renewal.
Refinance: change the mortgage during the term or increase the amount borrowed, which usually involves a new application.

How it works

1 Tell us your goal

And share your current mortgage details.

2 We explain the options

And the costs of each.

3 You decide

Whether refinancing makes sense.

Current mortgage statement, proof of income, property tax bill, and ID. [Confirm list with Corefield.]

Refinancing depends on your lender, property value and qualifications. Whether it saves money depends on your situation and cannot be guaranteed.

Documents usually needed

Mortgages are provided by independent, licensed third-party lenders and mortgage professionals introduced through Corefield. Corefield provides consultation and facilitation only.

12 Cranfield Road
East York, Toronto, ON
M4B 3G8
Canada

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About Us

Services are provided by independent, licensed third-party providers. Corefield provides consultation and facilitation and is not a lender, insurer or broker.
Information on this website is general and is not financial, legal, tax or insurance advice. Approval for loans, mortgages and insurance, and all rates, terms, premiums and coverage, are set by lenders and insurers and may change. Please read your policy or lending agreement for full terms.