A bona–fide sale clause is a contract restriction that forces you to stay with lender until the term is up, unless you sell the property non-arms length. Even then, the penalty when you break the mortgage early if you sell [...]
Interest Rate Differential (Mortgage IRD). What is it? The interest rate differential is calculation method lenders will use to break your mortgage early if needed. Simply put, depending on how far you are in the term of your product, they [...]
PAGES
INFORMATION
LEGAL
© 2021 – All rights reserved. • Paragon Pragmatic Lending • Powered by Pragmatic Developments Inc. • 1915 Foxtail Terrace Kelowna BC V1P 1T9 • BCFSA Brokerage License X301089
