What costs should I take into account if I refinance a home loan or mortgage?

When refinancing a mortgage , it is important to take into account several costs specific to this process. Refinancing involves taking out a new loan and transferring the mortgage to the new bank, which entails expenses:

• Review Committee
• Property appraisal fee
• Notary fees – for the authentication of documents and the registration of the guarantee
• Any administrative expenses – these may include various fees specific to the refinancing process
• Mandatory insurance