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At Mortgage Teacher, we're dedicated to helping you make smart mortgage choices. Follow our blog to stay up-to-date on recent Canadian mortgage trends, latest mortgage news, and changes to mortgage rules. Our team of mortgage brokers offer the best advice for both first time home buyers and current homeowners on refinancing, renewals, construction, renovations, and more.
Fixed Mortgage Penalty, it will be great to have some clarity.
When it comes to calculating an IRD penalty there is so much uncertainty from one bank to another, sometimes it even seems different from one person to another with in a same banking institution.
How do I get out of my current mortgage and subsequent penalty?
with rates as low as they are, many of us have been thinking…” would I save if i got a new mortgage ?”… Well, one of the BIG deal breakers is : .. what will my current bank charge me to get out?.