I'm confused by your post.Explode wrote: ↑Apr 11th, 2019 10:20 amI'm looking to refinance my mortgage for a recently purchased home. We recently renewed our mortgage in Oct 2018 for 3 year fixed term with CIBC. We weren't planning on moving but something came up and we have recently bought a new home in March and have a firm offer on our existing home. Our current closing date is June 14.
Current mortgage amount: Estimated ~134K by closing
Maturity Date: Oct 2021
Interest Rate: 3.24% Fixed
Remaining Amortization 7 years.
Approximate market value: 660K Sale Price
Purchase Price of new home: 840K
Required Mortgage: Estimated ~220-230K
Original purchase date (month and year): Sept 2013 (TD)
Did you pay an insurance premium such as CMHC when you purchased the home?: No
Did you refinance your mortgage since you owned your home? If so, what was the year and month when you did the refinance?: Yes, Oct 2018 (CIBC)
Do you have a second component such as a HELOC attached to your mortgage?: Yes, 45K
Current lender: CIBC
Is this your primary residence or a rental property?: Primary Residence
Maturity date: Oct 2021
Are you looking to refinance your current home (as stated) or get a mortgage for a home that you are purchasing?
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