Originally Posted by hopeful
cancellation should be 1.5% of undisbursed amount. so banker usu advise to pay at top, and retain small amount till full 3 years if lockin (else got to clawback for lawyer of 2.5k and valuation of ~500)
mortgage rate starts from your 1st disbursement. fixed will be fixed, unless take the variable (depending on board rate) or sor / sibor (depending on rates then).