Why mortgage penalties are so hard to understand
February 15, 2012 by Adil Virani
Filed under Latest News, Latest Rates, Mortgage FAQ, Recent News
By Peggy Mackenzie If you want to break your mortgage, there are two ways to calculate the penalty. One uses three months’ interest and the other uses the Interest Rate Differential (IRD). The bottom line is that with either method, if you want to take advantage of lower interest rates, it’s going to cost you. […]
