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.

Sometimes, you’ll find yourself in a situation where you have to break your mortgage term early. It could be to refinance your mortgage, transfer …

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