Most Canadians are wishing they could take advantage of low mortgage rates today, but back off when they discover that their existing mortgage lender would charge them thousands of dollars in IRD (Interest Rate Differential) mortgage penalties should they refinance now. 

Imagine that you called your existing mortgage lender and discovered that the IRD penalty would be...

Is Interest Rate Differential Holding you Back from Refinancing your Mortgage Now at a Great Rate?

Many Canadians are wanting to take advantage of today's low mortgage rates, but are afraid of the high Interest Rate Differential penalty that their lending institution will impose should they refinance early.

However, homeowners should be doing a careful analysis before they completely reject a mortgage refinance based on the penalty charge...

Interest Rate Differential - The hidden cost of low interest rates.

Whatever happened to 3 months interest penalties?

We all know that interest rates are still at record lows, but how do you take advantage if you are currently in a fixed rate mortgage contract?  I'm sure you have heard horror stories of people being charged ten thousand dollars in penalties to break their mortgage contract - even as high...