Real Estate Diary31 Aug, 2022Real Estate
The government banned exit charges on all variable rate mortgages in 2011 however break costs apply on fixed loans. If you somehow managed to take care of a $550,000 mortgage fixed at 4.70% within a decent period, you could be taking a look at around $3,300 in break costs. Try the break costs Calculator For Selling A House to find the amount you might need to pay to break a proper term credit.
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