• Calculating Mortgage Payout Penalties

    Jencor Mortgage    |   

    Categories: Jencor Mortgage , Payout Penalties


    It is very common for people to believe that the rate is the most important consideration when selecting a mortgage product. In many cases, this is a reasonable assumption, many times customer are deciding between mortgage products that are very similar in rate. In this case, as in most, understanding the terms of the mortgage are more important then the interest rate. It is unfortunate that too many  Canadians find themselves learning  about one of the most important terms which has very negative  effect on their financial situation when it’s too late, Payout Penalties. When calculating a mortgage payout penalty, banks…