Real Estate

Refinance the same house twice

  • Last Updated:
  • May 19th, 2021 8:57 am
[OP]
Member
Jul 3, 2009
318 posts
48 upvotes

Refinance the same house twice

Hello

I just renewed my house for 4 years fixed rate, I am wondering if it is possible to refinance again on the same house from the same bank. I sill have room left to borrow, it is just I did not plan well at the time of renew

Thanks
2 replies
Sr. Member
Dec 19, 2010
805 posts
265 upvotes
Toronto, Ontario
hpad06 wrote: Hello

I just renewed my house for 4 years fixed rate, I am wondering if it is possible to refinance again on the same house from the same bank. I sill have room left to borrow, it is just I did not plan well at the time of renew

Thanks
yes as long as the numbers check out.
Banned
Jan 4, 2021
51 posts
37 upvotes
hpad06 wrote: Hello

I just renewed my house for 4 years fixed rate, I am wondering if it is possible to refinance again on the same house from the same bank. I sill have room left to borrow, it is just I did not plan well at the time of renew

Thanks
absolutely.

the biggest cost will be title registration though. Depending on the bank, if they did the title registration for 100% of the market value, then you will be ok... but if the registration was for what you borrowed, then you will have to pay that again.

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