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)
