What is IRD, and why is my Mortgage Penalty so high ?
This is one of the surprises us Canadians have been receiving the last 2 years, the COST to get out of our current mortgage.
Well many of us know the traditional 3 months interest penalty, but if the rates today are less then the rate you committed on, then you could be in for a very Unpleasant surprise, be sure to contact me if you need some strategies to help avoid these extra fees and costs.
I’ll take 2 minutes to explain what IRD is in this video What is IRD and why is my Penalty so high? ( video below )
feel free to forward this to someone you know who could use this
About the author
I am Michael Mullis, The Mortgage Teacher. I provide in depth knowledge, ideas and advice for people looking to produce their ultimate mortgage plan. Get an A+ mortgage with The Mortgage Teacher...
| Print article | This entry was posted by TheMortgageTeacher on April 25, 2010 at 5:21 pm, and is filed under FAQ, Teacher's Notes, Video. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
