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Refinancing

Overview

If you have an existing mortgage with Bank of Bermuda or with another financial institution, refinancing allows you to use the equity you have accumulated in your property to obtain funds to use today for renovations or other purposes.

The amount will be added onto your existing mortgage and you can pay over the life of your mortgage, in one convenient monthly payment.

Next steps:

Get a pre-approval
Complete an application
Call us on 299-5959, option 5

Need more information?

Key features and benefits

No need to make extra loan payments, can pay it off over the lifetime of your existing mortgage
Low rates and flexible terms offered, terms up to 30 years.

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Home equity options

What you should know before you apply

Initial fee is 1% of the borrowed amount.
Terms and rates are subject to change without prior notice.
All Bank of Bermuda loans are subject to approval.

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