RateSupermarket.ca on CTV News Talking About Mortgage Penalties

CTV’s Pat Foran, profiled a customer who had a misunderstanding with TD Bank about the size of her mortgage penalty for breaking her mortgage contract. RateSupermarket.ca’s, Kelvin Mangaroo, commented on the different mortgage penalties and that consumers need to be aware that the interest rate differential could add up to thousands of dollars.

For more information you can read our article on the difference between three month interest vs IRD mortgage penalties here.

We’ve also created a handy mortgage penalty calculator to help you estimate your mortgage penalties.

Related Topics

Mortgages / Mortgages 101 / Refinancing and Renewing / RSM News

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