Mortgage prepayment penalties are among the top five most complained about banking issues.

The annual report from the Ombudsman for Banking Services and Investments reveals that there were 278 complaints filed in 2015, up 21 per cent from the previous year. Fraud and account collections were the top two, mortgage prepayment penalties were third with service and account closures rounding out the top 5.

Mortgage prepayment penalties are among the top five most complained about banking issues. The annual report from the Ombudsman for Banking Services and Investments reveals that there were 278 complaints filed in 2015, up 21 per cent from the previous year.

Fraud and account collections were the top two, mortgage prepayment penalties were third with service and account closures rounding out the top 5.

Did you know your broker could save you a ton of headaches and grief when it comes to bank mortgage penalties if you have to sell or move due to unforeseen circumstances?

Your Broker is in the KNOW!