It's not through RMG (so penalty is not 3% of balance).PaulMeredith wrote: ↑Mar 21st, 2017 3:16 pmJust wanted to add a bit more to Andre's comment about the 1.75% variable being only available on insured deals (that is, purchases with LESS than 20% down) and NOT available on refinances. It also has a ridiculously high penalty of 3% of the mortgage amount. Substantial considering that the standard penalty to break a variable rate mortgage is only 3 months interest.
But yes, HR deals only.
Mortgage Agent and Real Estate Sales Representative