‘Key piece of information’ missing from mortgage documents costs homeowner extra $10K


In my opinion, this has been an ongoing issue for years – banks/mortgage institutions not explaining the costs associated with getting out of a mortgage before the end of its term.

http://www.cbc.ca/news/business/go-public-mortgage-prepayment-penalties-first-national-1.4160456

‘Key piece of information’ missing from mortgage documents costs homeowner extra $10K

A Toronto man is warning people to take a close look at the penalties they’ll face for breaking a mortgage before they lock in.


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