Blog
Sunday
20
JANUARY
2013
Refinance Savings Analysis - Paying IRD Penalties Can Be Worth It!
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...