I originally posted a breakdown of how mortgage penalties are calculated by different lenders on January 4, 2011. This remains relevant today and, since this has been my most popular … Continue Reading Mortgage Penalties: You could pay thousands to break your mortgage depending on your lender!
Mortgage penalty calculations continue to mystify Canadian consumers. For years, I’ve posted numerous articles on penalties… how they affect us… how they are calculated…..why you need to understand them.. and … Continue Reading Historical low mortgage rates mean RECORD HIGH penalties for BIG SIX BANK clients!
Last week, we heard some potentially good news for Canadian consumers. Federal Finance Minister, Joe Oliver, announced Banks would have to provide consumers more disclosure on certain products, including collateral … Continue Reading More disclosure.. but still no standardization of Mortgage Penalties.
In case you haven’t heard, Fixed rates are up around 0.50% over the last 3 weeks. But the Banks haven’t increased their posted rates… How can that be?? And how … Continue Reading Banks maximizing mortgage penalties again… but there’s a bright side..
Two years ago I published, what would become, my most widely read article. Mortgage Penalties exposed…. an in-depth study reveals unjust penalties was written to show just how unfair penalties had … Continue Reading Mortgage Penalties exposed… an in-depth study, part 2…the update.