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BurnYourMortgage.ca

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  • Home
  • Services
    • Home Insurance
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    • Home Equity Loan
    • Rental Property
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    • The Smith Manoeuvre
  • Contact
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Tag Archives: penalty

Lower Rate with Higher Penalty or Higher Rate with Lower Penalty?

When shopping for a mortgage, most people focus on one thing—getting the lowest interest rate. Makes sense, right? But what if life throws you a curveball and you need to break your mortgage early? That “great” low rate could end up costing you big time if the penalties are steep.

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Posted bySean CooperFebruary 24, 2025February 24, 2025Posted inUncategorizedTags: mortgage, mortgage penalty, penalty, penalty feesLeave a comment on Lower Rate with Higher Penalty or Higher Rate with Lower Penalty?
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