The amount of monthly contribution will be received on FIFO basis, i.e. the earlier due amount will be received first together with
the fixed penalty charges.
Not exact matches
Best Egg offers
fixed rate loans with either 3 or 5 year repayment terms, but since Best Egg does not
charge a pre-payment
penalty, you can repay your loan in a shorter amount of time if you want.
Is this illegal in the state of Pennsylvania to
charge a prepayment
penalty if we find a mortgage company thats willing to give us a
FIXED rate!
A
fixed - rate mortgage
penalty is calculated using either the interest rate differential, which is the difference between your original interest rate and the current interest rate
charged if the lender was loaning the funds out today for the rest of the term, or three month's worth of interest - whichever is higher.
Michael James mentions yet another situation (see link at bottom of page where a person had over-contributed to their TFSA,
fixed the problem by withdrawing the excess amount and yet was
charged an over-contribution
penalty for the remainder of the year.
A driver caught driving without insurance for the vehicle he / she is in
charge of for the purposes of driving, is liable to be prosecuted by the police and, upon conviction, will receive either a
fixed penalty or magistrate's courts
penalty.
If you do need to pay out your
fixed - rate mortgage early, you may be shocked when you see the
penalty charged by your lender, and even more so when you realize that you could have avoided most of that cost by simply choosing another lender offering the same interest rate.