Big bank IRD penalties ravage people. Take a basic 5yr mortgage at 2.79% maturing in 2 years w/ a $100,000 balance.
Break it today and you'd pay a penalty of roughly:
$2,006 at CIBC (a big bank)
$698 at MCAP (a non-bank)
That's like paying a 40+ bps higher rate for a bank mtg.
The length of your credit history is a significant factor in most credit scores. We know it can be incredibly tempting to get rid of those old cards you no longer use, but it's more than worth it to keep them around (and use them periodically) for that good looking credit score
You shop around for gas that’s, what, 3 cents/litre cheaper, so why on earth aren’t you letting a mortgage professional shop around for a better mortgage tailored just for you?🏠
Do you want to try to save 1000s of home ownership dollars?💵
START HERE: https://t.co/gs5s4x8T87
Big-Bank Mortgages Are Comfortable, Popular And The Worst Deal Around. Give me a call I’m happy to educate you on your options. https://t.co/9sdSQBvvnm
Happy to support a local charity that does great things for the community. Would be pretty nice to win a trip! #brantford#rotaryclub#supportlocal#dreaming https://t.co/Phm5wa75v5