Mortgages · Refinance

Refinancing breaks a contract: the penalty decides if it is worth it.

Leaving a term early costs a penalty, calculated differently on a fixed or a variable rate. That is the first number to get.

What this page covers

Three months' interest or interest rate differential: two formulas, very different results.
What refinancing lets you do — consolidate, renovate, free up cash.
The share of the property value a refinance cannot exceed.

For information only — not an approval, and not a rate offer. Figures and rates will follow once rate capture is in place.