IRD Penalties - Why the big banks have such high payout penalties on their fixed rate mortgages

In this video, Chris goes over the math of how interest rate differential (IRD) payout penalties are calculated and why the big banks in Canada have much higher payout penalties on average than some of the other lenders out there. The big 5 banks often attract buyers with highly competitive rate offerings and earn their profit on the back end with an IRD math trick that catches unsuspecting borrowers by surprise.

Тэги:

#payout_penalties #mortgage_math #mortgages #mortgages_canada #Canadian_mortgages #mortgage_broker

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