Feb 20, 2018 4:31 pm
Mortgage penalties are straightforward if you have a variable-rate mortgage — expect to pay the equivalent of three months' interest in most cases. With a fixed-rate mortgage, the penalty is set at the highest of three months' interest or a calculation called the interest rate differential, or IRD.
Re: Things to discuss about mortgage penalty2
Feb 20, 2018 4:56 pm
Erm - this is Australian site - in Australia no penalties for variable rate - go Aussie!!!
The rest doesnt really apply to us either
Property crazy expert mortgage broker, love building new homes!
Two Red Shoes mortgage broker
Sign in or Join to reply to this Topic
ForgThings to do yourself/after handover?Things to do yourself/after handover?
House is average (butting up against 330sqm limit for block), block's on the small side at 585sqm. In terms of landscaping, we needed small retaining walls on all 3…
Steve4216Land / Building Contract - Things to look out forLand / Building Contract - Things to look out for
Welcome! On the first part, you'll never get a break down on the build item by item. That is for the builder to know. You'll just get a complete price unless you request…