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Consider to cash add the money option postpones with your mortgage if you need a little cash additional money for
:
home renovations
legal fees or moving costs
a lump-sum mortgage payment to reduce your principle
RRSP contributions
paying down other debt
If you replace your mortgage, leaving a new mortgage or transferring your mortgage to Vancity, you can cash receive the money back until 5% on a ten years mortgage.
The quantity of the money cash behind is based on the limit of your mortgage. On a mortgage $200.000 redeemed over ten years you could receive up to $10.000.
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