Posted by: Kristian Harris
This week’s questions include:
1) Why would my bank offer me a higher rate than MonsterMortgage.ca?
2) What is a collateral charge on a mortgage? And what do I need to know?
3) My bank calculated my penalty at one amount, and the bank I want to switch to calculated my penalty at a much smaller amount – whose calculations are correct?!
If you’ve ever asked any of these questions and you’d like more detail, or if you have any questions you’d like to have featured on the next MonsterMortgage.ca E-Mail Bag, send us an e-mail at email@example.com or leave a comment below.