Basement Suite Income Case Study

Basement Suite Income Case Study Range: $35,473 to $419,680 in Extra Mortgage Funds (For Mortgage Brokers and Bankers: 50% add back = 20% offset + 100% add back = 40% offset) Here are the qualifications variances between lenders: Percentage of Basement Suite Income...

How Banks Create Massive Profits From Mortgage Penalties

How Banks Create Massive Profits From Mortgage Penalties I recently had a client pay a $13,000 break fee on a 2 year old mortgage from a leading Canadian Bank. As you can imagine the client was not impressed. By factoring in an extra $13,000 penalty, the real interest...