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Mortgage Account
Principal balance after February 1, 2023 instalment $ 511,676.49
Accrued interest 2,249.38
Discharge fee 380.00
Government Charge for Discharge 78.79
Property tax account 207.92
Home Warranty 0.00
Payout amount $ 514,592.58
Daily Interest (owed per day if paid after February 21, 2023) $ 105.14
Per diem interest in the amount of $105.14 is required for each day (including weekends and holidays) if funds are not
received by 2:00pm on February 21, 2023.
Please make cheque payable to MCAN Home Mortgage Corporation (including loans registered to Computershare)
and send funds to Mortgage Servicing Centre, 451 Phillip St., Suite 100, Waterloo, ON N2L 3X2. Furthermore, we
reserve the right to re−calculate any applicable penalties if funds are received after this time.
We, the Mortgagee, accept no responsibility whatsoever for the accuracy of the information provided in, and by its statement,
should any instalment payments be returned for any reason whatsoever, a discharge of the mortgage will not be provided
until all monies due upon the mortgage have been paid.
This statement is only valid up to and including the maturity date of the current term of your mortgage. If payout funds are
not received by the maturity date, please forward a signed renewal agreement or the mortgage will automatically renew into
the auto–renewal term (if applicable as per the renewal offer).
Property taxes will be last remitted on your behalf on February 28, 2023 in the amount of $1,009.00.
The appropriate documents and Release of Interest for Fire Insurance will be forwarded to you after the payout amount is
received in full and processed.
Current Loan Particulars February 21, 2023. Note, this is as of the statement date and is subject to change.
Call our knowledgeable staff at 1 877 775 2970 if you have enquiries regarding information provided on this statement.