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MCAP Variable Mortgage Consumer Reviews

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(15 reviews)
MCAP Variable Mortgage
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Beware the unclear fees

by Never again on Oct 10, 2019
2.5 out of 5 stars

They sell you on only having to pay a 3-month interest penalty if you break the contract. What they don't tell you is that it's calculated not on your contract rate but on the prime rate. Then they add on transfer fees and reinvestment fees (whatever those are) so you're easily looking at almost double the penalty!

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