• phone: 6047658873
  • fax: 888.253.4963
  • mobile: 6047658873
"I work for YOU, not the lender"

Blog by Linda M Linfoot

Mortgage Penalty - Interest Rate Differentials

November 30th, 2011

Interest Rate Differentials (IRD)

 

Often a client needs an “idea” of how much their existing mortgage penalty might be before he decides to refinance or do an “early switch” with pre-payment penalty.

 If the penalty is based on a rate differential, here is a BASIC calculation to figure out a close amount…..

 Based on a:

$200,000 with 3 years remaining on a 5 year term of 5.70%.. ...

Helpful Real Estate Tips

November 15th, 2011
Helpful Real Estate Tips
Whether you're a prospective real estate investor, or someone who's simply in the market to buy a primary residence, we can all benefit from the nuggets that were shared via Twitter during the Real Estate Investment Network (REIN) BC Workshop last Friday (@REINCanada).
...