Touchstone Law Group LLP
#208 – 1664 Richter Street
Kelowna, B.C., V1Y 8N3
Office Tel: (250) 448-2637
Toll Free: 1 (855) 889-2637
Direct Fax: (778) 484-7101

Your New Mortgage: When and how can it be paid out?

We have come across a few mortgages lately that provide for very restrictive prepayment rights.  Many mortgages will limit early repayment, without payment of a prepayment charge, to a certain percentage of the original principal amount and/or to increases to the regular payments...