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What are the costs involved in refinancing?


Mark Bristow
May 5, 2017( 1 min read )

Switching lenders usually includes some costs, such as a discharge fee from your existing lender and upfront fees from your new lender, including application fees, settlement fees, legal fees and valuation fees.

When assessing a potential loan, it is good to work out your break-even point – i.e. the time it will take to recover the costs of switching.

Your new lender will disclose all fees and costs to switch to them.


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