Quote:
Originally Posted by CrazyCaper
WOOHOO!!
Looks like I found a loophole in my mortgage payout penalty. According to my clause, since my current mortgage is insured through CMHC, I have the option of paying out a 3 month interest penalty since I have completed 3yrs of my 5yr mortgage term. It took some digging on my part but it's gonna save me around $15k. I'm surprised no one else has run into this predicament before.
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I wonder if I had that clause in my mortgage as well