The math used is mind-blowing from the Big Banks when calculating pre-payment penalties on pay out before the end of term…

Proof Scotiabank is Using a Mortgage Loophole to Take Your Money

(borrowed from an industry colleague)

Have a read through and focus on the Big Bank comparisons for the same mortgage and note that a broker supplied mortgage would have a pre-payment penalty 4.5 – 6 times less!

Certainly worth a conversation don’t you think?

Let me save you $ 12,000!!!!

Yours in mortgages,

Michael