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Renegotiating Mortgages Fails Many Homeowners Hard Truths
Readers are warned that heavy penalties and limited options curb renegotiation of Canadian mortgages. Banks claim to match funds but open versus closed terms lock in rates. final-year exits cost fees, while early exits incur extra payments. The piece outlines the harsh reality of current lending, with Bank of Montreal cited.
MENTIONED IN THIS ARTICLE
Bank of Canada
Guaranty Trust
Peter Gilbert
Bank of Montreal
Gilbert