Sentences with phrase «how stiff the penalties»
To show you just how stiff the penalties can be, Marcus Tzaferis, founder and chief economist of MorCan Direct in Toronto, estimates that a typical penalty for breaking a $ 200,000 five - year fixed - rate mortgage locked in at 5.9 % after two years, given today's 3 % prime rate, would be roughly $ 12,000.
http://www.moneysense.ca/ Not exact matches
Banks charge stiff penalties for withdrawing from CDs before they mature, so consider carefully how much you plan to invest in a CD, and for how long.