Reduce Cost In Refinancing Your Mortgage (1)

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REDUCE COST IN REFINANCING YOUR MORTGAGE
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Basically, to refinance your mortgage is to
increase your existing mortgage to get cash
against the equity of your house for
consolidating your debts, start a business or for
whatever purpose.
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Costs Associated to Mortgage Refinancing

• Appraisal Fee Second Level

• Legal Fees and Disbursements

• Brokers Fee

• Lenders Fee or Bonus

• Mortgage Penalty

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Why You Need Mortgage Broker
If your credit rating is not good or your income
is not satisfactory or both you could not meet
the standard credit requirements by a bank. 
You need a mortgage broker to look for secondary
lenders. 
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Understand Mortgage Broker Rates
A mortgage broker charge you a brokers fee for
he/she does not get finders fee for her/his
services from a lender on a borrower whose credit
rating or income does not meet banks standard
credit requirements. 
Brokers fee also amount in the thousands of
dollars depending on the difficulty of finding a
lender who is willing to approve your mortgage
application.
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How to Avoid the Cost of Mortgage Interest
Penalty And How To Protect Yourself?
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When to Consider Second Mortgage
If you really need to refinance, you may consider
a second mortgage rather than paying off your
existing first mortgage where you are required to
pay substantial interest penalty.
Better still to avoid regrets and surprises, it
is prudent to know in advance the cost of
refinancing before making a decision to
refinance. Otherwise, you may end up the cost of
refinancing is more than the net amount you
receive from it.
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CONTACT US TODAY!
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consultation.
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adam_at_debtcliniccanada.ca
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