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tvp2003 · 08-08-2006, 10:59 AM

If you're cancelling the mortgage outright (without buying another home and having a 'new' mortgage), I believe the penalty is something like 3-months interest, but I would check with your lender to be sure...

08-08-2006, 10:59 AM	#7
tvp2003 Franchise Player Join Date: Mar 2006 Exp:	If you're cancelling the mortgage outright (without buying another home and having a 'new' mortgage), I believe the penalty is something like 3-months interest, but I would check with your lender to be sure...