- Prepayment Options
- Open for pay out at any time subject to conditions of relocation, with a 3-month interest penalty
- 15/15 Prepayment Privileges
Monday, July 11, 2016
Special DND mortgage lending...
Recently, I came across two lenders who have specific policies designed for military or government transfers.
Canadian Military personnel who are re-assigned within or outside of Canada by the Military and must sell their Canadian residence are eligible to have prepayment charge (IRD or 3 months' interest) waived.
Department of National Defense (DND) & Government of Canada (GOC)“DND/GOC” mortgages are for Department of National Defense and Government of Canada Employees.