Can i get out of my fixed rate mortgage?
Written By: admin on August 30, 2009
One Comment
I signed up for fixed rate which isn’t due to expire for a couple of years , can i get out of it before it`s due and will there be a fee?
I don`t want to pay it off i just want to change to a cheaper one now that the mortgage rate has gone down…or if i stick with it will it mean i pay off my mortgage quicker?
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Well you can pay it off or file for bankruptcy if thats what you are referring to. And if you pay it off early, there shouldn’t be a fee as most standard mortgage contracts contain clauses that allow you to pay off early without penalty.