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Mortgage Broker News | 30 May 2013, 12:00 AM Agree 0
An article in the Financial Post suggesting people should stop paying property tax to save money is not just bad advice, but a recipe for disaster, says one broker.
  • Christopher | 30 May 2013, 10:27 AM Agree 0
    It's also considered defaulting on your mortgage it there is one.
  • Gail | 03 Jun 2013, 07:36 AM Agree 0
    I think this is bad advice if its generalized in the post. However, there are circumstances where it would make sense, if the house has been paid off especially. In some areas property taxes have gone through the roof. Should a senior be forced to move because they can't afford it ? Should they sell the only home they ever had and still love so they can give money to the next generation? Should they pull equity out of the home and add a mortgage bill (+ property tax pmt) Depending on the repayment terms that are offered tax deferment shouldn't be discounted as a viable option for some.
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