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onetwo_threefour · 05-21-2009, 09:22 PM

Really?

That's a new one on me. You could be right. Of the probably 10000 mortgages I've done, maybe 20 of them have been for a term longer than 5 years. I don't know that all lenders would give up on the differential penalty for a 5+ year term. What's in it for them? I'm not aware of any legislation that would stop them from charging it either.

05-21-2009, 09:22 PM	#49
onetwo_threefour Powerplay Quarterback Join Date: Apr 2006 Location: Mahogany, aka halfway to Lethbridge Exp:	Really? That's a new one on me. You could be right. Of the probably 10000 mortgages I've done, maybe 20 of them have been for a term longer than 5 years. I don't know that all lenders would give up on the differential penalty for a 5+ year term. What's in it for them? I'm not aware of any legislation that would stop them from charging it either. __________________ onetwo and threefour... Together no more. The end of an era. Let's rebuild...