Be careful before you break that mortgage – Consult with a Vancouver Mortgage Broker
April 21, 2014 by Adil Virani
Filed under Home Series, Latest News, Latest Rates, Mortgage FAQ, Recent News, Selling Your Home, Vancouver Mortgage Broker
Low mortgage rates tempt, but penalties for breaking can be high You want some of these record low rates on the market but you’re locked into a mortgage. Just break it, right? Not so fast, there’s a key question you need to ask before you commit to break a mortgage: how much will it cost […]
Breaking your mortgage: ‘It’s either worth it or it’s not’
March 24, 2012 by Adil Virani
Filed under Latest News, Latest Rates, Mortgage FAQ, Recent News
Fixed-rate mortgages are at historic lows but if you are locked in to a contract with your bank, those benefits may be yet elusive. First you have to do the math to see if breaking your contract is worth the penalties you may face. “There is no grey area,” says Cindy David, a certified financial […]