As much as we here at Oceanvale Mortgage and Finance wish we could change the current guidelines for prepayment penalties charged to our clients for an early exit from a mortgage, it looks like we are stuck with them for now.

As most of us know, once you sign a contract it can be tough to get out, as long as it is a legal one, and breaking contracts usually come with steep costs and fees. Recently, the way that lenders protect themselves through penalties for exiting a contract early has become under attack from disgruntled borrowers...

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