How to Refinance Your Mortgage

Refinancing is simple

You and your lender will agree on a new amount, term, interest rate, and amortization period.

  • Before maturity.
    If you want to refinance before your mortgage loan matures, the process becomes a little more involved and you will need to consider prepayment costs.
  • How much can you borrow.
    When you’re refinancing, you can borrow up to 80% of the current market value of your home.
  • Consider your costs.
    In addition to possibly paying for a property valuation, you may have to pay legal fees for registering a charge against your property. You may also have to pay a discharge fee.
  • Decide if it’s worth it.
    All these things must be factored into your decision to refinance, but securing a lower interest rate or using equity to invest or renovate your home can often save or earn you money over time.

TD offers a range of mortgage choices

If mortgage interest rates have gone down or you want to tap some of the equity in your home, TD Mortgages offer you a range of options. Open or closed, fixed rate or variable interest rate, with a range of amortization choices, a TD Mortgage Specialist will be happy to help you choose the mortgage that’s right for you.


Consider a TD Home Equity FlexLine

A TD Home Equity FlexLine is a line of credit that is secured by your home. It gives you the flexibility of a line of credit that you can access any time you want subject to the terms of your agreement, with the security of locking some or all of the balance into a term portion with fixed payments. TD Home Equity FlexLine is ideal for unexpected expenses.


Other useful information

Have a Mortgage?

Resources you’ll need if your mortgage is up for renewal or you want to refinance your mortgage.

Our Rates

Choose the rate that’s right for you.

TD Home Equity FlexLine

Use the value of your home to access a line of credit.


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