List Of All Penalty Fees
This list is for fixed rate mortgages and not variable mortgages.
Here is how we will break down the list:
1. Calculated based on posted rates = BAD
2. Calculated based on discounted rates = GOOD (no penalty is ever good)
I NEED YOUR HELP MORTGAGE BROKERS!
Please list out lenders and break fees that are in your area or who you use. If you see a mistake, please comment, I will fix asap.
Please list out lenders and break fees that are in your area or who you use. If you see a mistake, please comment, I will fix asap.
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National Lenders BC Lenders Alberta Lenders |
xPOSTED RATES = BAD x x |
DISCOUNTED RATES = GOOD x x x x x |
Here are some disclaimers: Banks changes their policies all of the time. Do your own due diligence by talking to a mortgage broker or talking directly to the bank or reading the mortgage documents to specify the exact calculation.
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