What is IRD, and why is my Mortgage Penalty so high?

What is IRD, and why is my Mortgage Penalty so high?

This is one of the surprises us Canadians have been receiving the last 2 years, the COST to get out of our current mortgage.

Well many of us know the traditional 3 months interest penalty, but if the rates today are less then the rate you committed on, then you could be in for a very Unpleasant surprise, be sure to contact me if you need some strategies to help avoid these extra fees and costs.

I’ll take 2 minutes to explain what IRD is in this video What is IRD and why is my Penalty so high? (video below)

https://www.youtube.com/watch?v=1JWXqGNy78s