Prepayment penalty

Should you pick an open vs. closed mortgage? Open and closed mortgages are both useful, but you need to choose the right one. Here’s what you need to know.

This piece was originally published on April 20, 2020, and was updated on December 30, 2022. Sometimes, you’ll find yourself in a situation where …

How much will it cost to break a mortgage with Tangerine? Prepayment penalties vary between banks, so here’s what you need to know.

This month’s mortgage update has a theme: information, or lack thereof. Those that are uninformed typically suffer. In two cases discussed below (mortgage penalties and the Vancouver housing market) this holds true, but in the final … Read More