Our clients need proper advice on other issues, including extra fees,
early discharge penalties, pre-payment privileges and portability in the event that the client wants to relocate prior to the expiry of the mortgage term.
You can keep your existing mortgage balance, term and interest rate plus save money by avoiding
early discharge penalties.
Not exact matches
The
early church used many metaphors to suggest this: Jesus in his death offered a sacrifice for our sins which we were not able or worthy to offer; he paid a debt we could not
discharge; or took on himself a
penalty we could not pay.
Early withdrawal of these funds makes you liable for
penalties and taxes which may not be
discharged in bankruptcy, and you may be able to exempt and keep all funds maintained in these accounts.
Once upon a time, the standard in the industry was to charge a three - month interest
penalty for
early discharges.
These
discharge /
early payout
penalties need to be more transparent to the consumers that want to know.
But
discharging a mortgage
early can mean a prepayment
penalty because the bank loses money.