Royal Trust Company Mortgage Renewal Agreement #47

Legally Speaking

By Gerry NeelyB.A. LL.B. Another case has decided whether or not a mortgagor with a low interest five year mortgage which was renewed during the period of high interest rates had the right to prepay it in spite of the terms of the renewal agreement. In this case, the mortgagors, on June 13th, 1977, had



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