Easy Rate QnA forum: Ask any question...
Home

Ask your question fast!
Question

Question Detail (required)


Login or Signup Now




Username:

Password:


Create Account
Lost Password

Leader Board
Leading ExpertsCredits
1.MortgageEnde11842Level 7
2.ANiyazi4816Level 5
3.mortgagepro4496Level 5
4.carrielawlor1676Level 4
5.MortgageManC1105Level 3
6.t_cameron76558Level 2
7.admingal1975519Level 2
8.khourypa362Level 2
9.Pattymurph341Level 2
10.Flip307Level 2
11.propertysold264Level 2
12.Magan245Level 1
13.michaels4316245Level 1
14.Ron244Level 1
15.Tristan238Level 1
16.Ned238Level 1
17.geoff12345237Level 1
18.ConsumerProt234Level 1
19.Shirly232Level 1
20.Tracey228Level 1
21.Charlie218Level 1
22.Desperatewif213Level 1
23.Jennette206Level 1
24.Alejandra201Level 1
25.Eusebio 199Level 1
View all

Categories



    A.
  • Aaron
  • Abroad
  • Account
  • Accountant
  • Afford
  • 2 3
  • Against
  • Alberta
  • Ally
  • American
  • Amex
  • Amount
  • Appraised
  • Approval
  • Approved
  • Arrive
  • Australia
  • Auto
  • Average


  • B.
  • Baby
  • Bank
  • 2 3 4 5
  • Bedroom
  • Benefit
  • Bill
  • Bring
  • Brunswick
  • Buying


  • C.
  • Calculate
  • Calgary
  • California
  • Canada
  • 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34
  • Canadian
  • 2 3 4
  • Canda
  • Capital
  • Car
  • Card
  • Cash
  • Cctb
  • Certificate
  • Charge
  • Check
  • 2 3
  • Cheque
  • 2 3 4
  • Child
  • 2
  • Claim
  • 2 3 4 5
  • Closing
  • Collect
  • Columbia
  • Coming
  • Common
  • Company
  • Condo
  • Contract
  • County
  • Court
  • Credit
  • 2 3 4 5 6 7 8

    D.
  • Date
  • Day
  • Debt
  • Declare
  • Deduct
  • Deducted
  • Default
  • Delivered
  • Demand
  • Deposit
  • 2
  • Deposited
  • Direct
  • Disability
  • 2 3
  • Distributed
  • Divorce
  • Dollar
  • Dont
  • Dose
  • Downpayment


  • E.
  • Early
  • Earn
  • Earned
  • Earning
  • Economy
  • Edmonton
  • Employer
  • Employment
  • Estate
  • Expire


  • F.
  • Facility
  • Fargo
  • Federal
  • File
  • Filed
  • Filing
  • Fill
  • Floor
  • Florida
  • Following
  • Foot
  • Foreign
  • Full


  • G.
  • Getting
  • Going
  • 2
  • Gold
  • Goverment
  • Government
  • Govt
  • Gst


  • H.
  • Happen
  • Happened
  • Haven
  • Havent
  • Heloc
  • Hour
  • Hst
  • Husband


  • I.
  • Income
  • 2 3 4 5 6 7
  • Increase
  • Inspection
  • Insurance
  • Interest
  • Interview
  • Into
  • Issued


  • J.
  • Jail


  • L.
  • Landlord
  • Lease
  • Leather
  • Leave
  • Lien
  • Loan
  • 2 3 4
  • Lose
  • Lost
  • Luxury


  • M.
  • Mail
  • 2 3
  • Mailed
  • Making
  • Manitoba
  • Married
  • Mastercard
  • Medical
  • Missed
  • Money
  • 2 3 4 5 6
  • Month
  • Monthly
  • Morgage
  • Mortage
  • Mortgage
  • 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
  • Multiple


  • N.
  • Newfoundland
  • Next
  • Note
  • Nursing


  • O.
  • Odsp
  • Offer
  • Ontario
  • 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
  • Open
  • Osap
  • Other
  • Other 1
  • Other 2
  • Other 3
  • Other 4
  • Other 5
  • Ottawa
  • Owe
  • Owner


  • P.
  • Package
  • Paid
  • Past
  • Pawn
  • Pay
  • Paycheck
  • Payed
  • Paying
  • Payment
  • 2 3
  • Percent
  • Percentage
  • Person
  • Personal
  • Phone
  • Pick
  • Pizza
  • Post
  • Premium
  • Price
  • Property
  • 2
  • Purchase
  • Purolator


  • Q.
  • Qualify
  • Quarterly
  • Quebec


  • R.
  • Rate
  • Rebate
  • Receive
  • Received
  • Recieve
  • Recieved
  • Recive
  • Reference
  • Refund
  • Registration
  • Rent
  • Rental
  • Repo
  • Report
  • Resident
  • Resource
  • Return
  • Rise
  • Rrsp


  • S.
  • Salary
  • Sale
  • Santander
  • Save
  • Scotia
  • Sell
  • 2
  • Selling
  • Send
  • Sent
  • Sept
  • Septic
  • Ship
  • Shipping
  • Single
  • Slip
  • Social
  • 2 3
  • Sold
  • Someone
  • Something
  • Sort
  • Spouse
  • Ssdi
  • Ssi
  • Stolen
  • Strata
  • Strike
  • 2 3 4
  • Student
  • Support
  • Surrey


  • T.
  • Taken
  • Tax
  • Taxe
  • Taxed
  • Thousand
  • Ticket
  • Toronto
  • 2 3 4
  • Track
  • Transfer
  • Tuition


  • U.
  • Unemployment
  • United
  • Unused
  • Utility


  • V.
  • Vancouver
  • Vehicle
  • Verify
  • Visa
  • Visit


  • W.
  • Wage
  • Week
  • Welfare
  • 2
  • Wife
  • Winnipeg
  • Working


  • Y.
  • Year
  • York





If i have a variable rate closed and i sell my house do i pay a penalty

 
Answer
Subscribe
 
Report Abuse
   



Vote:
Asked by
anonymous


If i have a variable rate closed and i sell my house do i pay a penalty? I am very grateful for your help.
0     In Mortgage Cont.07

Industry Experts


    + Add Expert
    Recommend an Industry Expert - You can recommend an "expert in the field" below. An industry expert is anyone you feel would be well qualified to answer this question and publicly accepts inquiries on this subject. If you are an industry expert and you are willing to answer our user's inquiries, you can enter your contact information below.



     
    Level 7 - Professional
    MortgageEnder
    0 Friends, 0 Followers
    ON Canada - yes you still pay a penalty especially if you go to another lender. For a variable rate mortgage, normally it would be 3 months interest rate plus discharge/admin fee. You should be OK.

    Comment
    Reply
    Report


    0 0
      

     
    Add your answer/comments in just seconds. No signup necessary.
    Just put your answer in the box below and hit Save.


    Yes, also subscribe me to this question so I can follow the discussion




    Can you help us by answering one of these related questions?
    1. Why does the bank generall charge a much lower penalty if the mortgage agreement on a variable rate mortgage is terminated early compared to the penal?
    2. What happens in canada when you sell your house on a closed mortgage?
    3. Is there a penalty if your fixed rate mortgage term is not done yet and you sell your home?
    4. I have a fixed rate mortgage if i sell the property do i incur the penalty?
    5. Can u get a variable rate morgage on a brand new house?
    6. What is penalties on variable closed?
    7. What does a variable 5 year closed mortgafge mean?
    8. How does locking in a 5 yr variable closed mortgage wok?
    9. Should i get a variable closed mortgage ontario?
    10. Is variable 5 year closed transferrable?

    We need your help! Please help us improve our content by removing questions that are essentially the same and merging them into this question. Please tell us which questions below are the same as this one:

    Q: If i have a variable rate closed and i sell my house do i pay a penalty?
    • 85% - Is there a penalty for breaking a variable rate closed?
    • 84% - I want to sell my house what is penalty have bmo loan variable rate?
    • 70% - I have a five year closed variable mortgage and i want to sell the house midterm how do i do that in simple terms?
    • 66% - What is the penalty for cancelling closed variable mortgage?
    • 66% - How to calculate the penalty on closed variable mortgages?
    • 66% - Is the interest rate differential calculated on a closed variable rate?
    • 65% - What does 5 yrs closed variable rate mean?
    • 62% - How easy to break a closed variable rate mortgage?
    • 60% - Can i convert variable rate mortgage to fixed rate rbc without penalty?
    • 60% - Can i transfer from 5 year closed fixed mortgage rate to variable rate in just a year?
     

    © 2009-2011 Easyrate.ca Answers Community, All Rights Reserved.
    Need more answers to your questions? Search for answers at:
    PanamaREALS | NeWorldRealty - Investments | IDoWeb - General