[Marction]

Phantom,Aug 22 2005, 04:23 PM Wrote:I tell yah tho I would not be paying a penalty cuz someone else fawked up. How the hell is that your fault, and if BMO don't wanna pay it, well then lawyer.
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problem being that for a re-finance, you generally have to sign docs with a laywer or legal service provider of some kind who is acting both on your behalf and for the bank...they should be reviewing all the terms with you and it should honestly be very obvious on the disclosure documents whether or not your property taxes are going to be collected by the lender and remitted on your behalf.

Solution...gimme a call and come on over to PC Financial ;)

meford4u...you have that STEP product (Scotia Total Equity Plan)? It's great IF you stay with them...but, as you know, you can't ever transfer your mortgage since it's tied directly to the credit line (and vice versa). If I had a dollar for every pissed off person I talk to who has that product, LOL...most clients have NO idea of that limitation. The way out is to you have to re-fi with another bank and payout BOTH the mortgage and credit line...and that involves legal fees wheras a normal mortgage transfer does not. Shitty.