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Peakster's House Efficiency
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12-27-19, 12:20 AM
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Peakster
Apprentice EcoRenovator
Join Date: Feb 2009
Location: Regina Saskatchewan Canada
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This
is a pretty good explanation.
Basically if you sell your house before the "term" is up, you have to pay a penalty fee (in most cases). When the mortgage is up for renewal, you can pay off the entire mortgage with no penalty.
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