Hi all,
Do we need to pay additional for
1. 1.5% cancellation fee on undrawn balance.
2. Legal fee
When I redempt the loan? I can shocked when I saw the letter from the bank.
Hi all,
Do we need to pay additional for
1. 1.5% cancellation fee on undrawn balance.
2. Legal fee
When I redempt the loan? I can shocked when I saw the letter from the bank.
Read the terms and conditions of your loan. Every loan is different with different lock-in periods....Originally Posted by reefy
One trick is to prepay 99.99% of your outstanding loan so that the full-repayment penalty doesn't kick it. Then again.... read your contract.
Yup if locked in usually have to pay...Originally Posted by reefy
Yes, this is typical of Mortgage Loan for BUC... not sure about those re-mortgage terms for buildings that are TOPed.Originally Posted by reefy
This can be classified as COST of Mortgage Loan Redemption that typically eats into the profit besides the Agent's Commission & SSD.
Hope your sale clear the threshold to realize real profit