trigger rate

What to Do When Your Mortgage Trigger Rate Has Been HIT

ATTENTION HOMEOWNERS! Remember that mortgage contract you signed? Well, there may be this inconspicuous clause in there that’s called the Trigger Rate. You may have just glanced over it before but it’s surely something you’ll want to reacquaint yourself with now, that is… if you haven’t already gotten a call from your bank. Most Canadians …

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