1. 贷款

除了最低的利率，您知道您的“贷款成本”吗？

文章写于：2011-08-19 加拿大

85%的客户来电的第一句话是“你能给我最低的利率是什么”。

除了利率，您了解过您的贷款成本吗？

在您的贷款合同上，利率让您满意，朋友也夸您会shopping，但您很快就会发现，您的低利率会变成一个昂贵的利率.

下面列举几项魔鬼条款，请检查一下您的贷款合同或将要取得的贷款合同。

Restrictions on breaking your mortgage before the term is up
Restrictions on breaking your mortgage for the first 3 years
A penalty surcharge of 1% for mortgages broken within the first 12 or 36 months
“Reinvestment fees” (on top of mortgage penalties)
Interest rate differential (IRD) penalties based on an onerous bond yield calculation
IRD penalties on variable-rate mortgages (usually IRD penalties apply to fixed mortgages)
IRD penalties based on a costly posted vs. discounted rate formula
Inability to port unless the purchase and sale take place on the exact same day (which can be hard to arrange)
A poor conversion rate guarantee
No refinances during the first year
No free switches (for transfer-eligible mortgages)
Amortization limits of 25 years
Minimum amortizations of 15-18 years
Restrictions on converting from a variable rate to a fixed rate for the first six months
No ability to break your “open” HELOC without a penalty
No pre-payments within 30 days of discharge
Inability to port across provincial lines
High administrative fees when porting
100% clawback of cash-back if the mortgage is broken before maturity
Requirement for a full banking relationship with the lender
No lump-sum pre-payment privileges
No annual payment increase allowance
Pre-payments restricted to one specific day a year (instead of any payment date)
摘自mortgage trends

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