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Page créée avec « Mortgage Refinancing makes sense when interest rates have dropped substantially relative towards the old mortgage rate. The minimum down payment for properties over $500,000 is 10% in lieu of only 5% for lower priced homes. Switching lenders ofttimes involves discharge fees in the current lender and legal fees to register the brand new mortgage. The maximum amortization period has gradually declined from forty years prior to 2008 to 25 years currently. The Bank o... »