Staying Out of the Penalty Box
When it comes to mortgages, it is easy to focus on the rates and your current situation, but the reality is that life happens and when it does, rates won’t be the only thing that matters.
First and foremost, the most important thing to remember is that a mortgage is a contract. That means that there is a penalty involved if the contract is ever broken. This is something that every homeowner agrees to when you sign mortgage paperwork, but it can be easy to forget – until you’re paying the price.
Original Article Source Credits: Dominion Lending Centres, https://dominionlending.ca/
Article Written By: DLC Marketing Team
Original Article Posted on: 1st February 2022
Link to Original Article: https://dominionlending.ca/mortgage-tips/staying-out-of-the-penalty-box