Understanding Mortgage Prepayment Penalties
August 18, 2014
Laura Thibeault, Your Peninsula REALTOR®
As we look at an increasingly active market, we're also seeing an increase in mortgage activity. Sometimes selling means prepaying your mortgage and that more often than not means prepayment penalties unless your mortgage is portable.
Here's a quick guide to understanding Prepayment Penalties that Virginia Jefferies at BMO in White Rock passed on to me. It explains the process clearly.
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