First National Fixed Mortgage Consumer Reviews
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They make it very complicated to make additional payments and pay off your mortgage sooner...
When we signed on with First National they said the penalty was 4 months interest but it turns out they have a catch that they can base it on the rate differential of the mortgage - whichever is greater so instead of $4000 it’s 14000. These guys are terrible!
Go with anyone else if you can!
This company was terrible to deal with and caused so much stress. They were still asking for new paperwork on the closing day even though the mortgage was arranged 6 weeks before closing.
We arranged bridge financing for 4 days and I was shocked at all of the hidden fees. $250 just because; $100 to register a mortgage on the old property; $100 to release the mortgage on the old property; $150 in extra legal fees plus interest. It was the most expensive 4-day loan I could imagine.
They changed the mortgage conditions twice 3 days before the closing date.