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Low ratio mortgages have lower default risk for lenders with borrower equity over 20% and therefore better rates.
Discharge fees, sometimes called private mortgage lenders-break fees, apply if ending home financing
term before maturity to compensate the lender.
Most lenders allow porting mortgages to new
properties so borrowers can carry forward existing rates and terms.
Mortgage Brokers Vancouver BC Debt Consolidation oversees transferring high interest credit lines loans
into secured lower cost real estate financing repaying faster through compounded savings.
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