604.889.5004

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Written on April 21st, 2016

The true cost of mortgage penalties is a common concern and complaint among homeowners so it seems reasonable to review it once again.

Due to the sometimes complex calculations the banks use to determine this amount – consumers have been left in the dark when trying to make a decision on whether the cost of refinancing early is worth it or not. Recent changes and more to come will regulate the banks to provide more information up front and over the life of your mortgage on penalty costs. As a broker I always discuss the true cost of mortgage penalties with my clients to ensure we work with lenders that have best options for penalties if ending the term is a possibility for any reason.

 

For More Information See Link: https://dominionlending.ca/news/true-cost-mortgage-penalties/

 

Brought To You By:

 

Dave, Cindy and Amanda Walker

The Walker Real Estate Team

19 Year Emerald Medallion Members

HomeLife Benchmark Realty

#1 1920 152 Street

South Surrey, B.C. V4A 4N6

604-889-5004 or info@WalkerRealEstate.ca

www.WalkerRealEstate.ca

 

Kimberly Walker, Mortgage Broker

Cindy Walker, Licensed Assistant

14 Years Mortgage Experience

Dominion Lending Centers

Valley Specialists

#111 20434 64 Avenue

Langley, B.C. V2Y 1N4

604-889-5004 or cindywalker@shaw.ca

www.WalkerMortgages.ca