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Interest Rate Differential

When seeking a mortgage, most people focus on getting a good Interest Rate, but nowadays getting a good Interest Rate Differential has become equally important when it comes time to breaking your mortgage early. While, you may have no plans to break your mortgage early, we never know where life’s twists and turns may take us, which is why just under 70% of Canadian mortgages on a five year term are broken at the halfway point, making the Penalty you’ll pay worthy of as much consideration as the Interest Rate you choose! Click the “IRD Broker vs. Bank” link below to learn more about how Interest Rate Differentials are calculated, so you can make the best choice for your Mortgage needs!

IRD Broker vs. Bank