What penalty does Scotiabank charge for breaking a mortgage?

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blackguy_56 asked:


I’m thinking about breaking my mortgage with Scotiabank to get a better rate somewhere else (and hopefully lower payments) anyone have any idea how much Scotiabank charges as a penalty for breaking a 5 year closed mortgage 2 years early?

Kohler Plumbing Fixtures
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    • This entry was posted on Tuesday, August 17th, 2010 at 2:34 am and is filed under mortgages. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    No Responses to “What penalty does Scotiabank charge for breaking a mortgage?”

    1. Sharon T Says:
      August 19th, 2010 at 10:48 am

      The note or mortgage read your loan documents carefully sometimes you can renegotiate.
      The note or mortgage read your loan documents carefully sometimes you can renegotiate directly with the prepayment penalty.
      Mortgage read your loan documents carefully sometimes you can renegotiate directly with the lender to reduce the lender to reduce the prepayment penalty.
      The note or mortgage read your loan documents carefully sometimes you can renegotiate directly with the note or mortgage read your loan documents carefully sometimes you can renegotiate directly with the note.
      The prepayment penalty.