News
May 26, 2015 | Nolan Matthias
Why interest rates are not the only consideration
The common misconception is all mortgages are created equal – the only piece you have to pay attention to is the interest rate.
That couldn't be further than the truth.
In fact, if you consider the mortgages of the five big bank – RBC, BMO, TD Canada Trust, Scotiabank and CIBC – the only commonality is the interest rate. The 20 or so pages that make up the rest of the mortgage document are completely different.