Before you start the process of refinancing your mortgage, first determine if it is right for you or if there are better terms or providers available. For example, if you are seeking lower rates, check if getting lower interest rates will be worth more than the mortgage penalties you will face. After determining that your reason for refinancing your mortgage is viable, you should consider working with real estate lawyers to ensure that the rest of the process goes smoothly. Your lawyer will work with your current lender or help you shop for a new mortgage lender through a mortgage broker. Note that switching to a new lender may add costs and penalty fees, e.g., discharge fees. Refinancing your mortgage, just like applying for a new mortgage, requires you to provide all the necessary documents to your lender, including pay stubs, tax return statements, details of your existing mortgage, and more. An appraisal should also be done on time to prevent delays in the refinancing process. Once your lawyer provides the necessary documents to your lender and your mortgage request is approved, they will receive details about the new mortgage and ask you to review and sign the paperwork. Your lawyer will receive the new mortgage and disburse the funds as required, with the net balance payable to you. Upon completing the refinancing process, a new mortgage will be registered on your property, and the previous one will be discharged.