Does anyone know if there is a way out of a 5 year fixed mortgage without having to pay the penalty? - year fixed mortgage
I have a solid 5 years fixed rate mortgage with Northern Rock, due to unforeseen circumstances, we now have the house placed on the market, I am only 5 months in the mortgage market concept that a severe punishment as a means Who knows a way to pay?
Wednesday, January 13, 2010
Year Fixed Mortgage Does Anyone Know If There Is A Way Out Of A 5 Year Fixed Mortgage Without Having To Pay The Penalty?
8 comments:
No, I think, you can sell so badly.
Try in this forum who know what they are talking.
www.moneysavingexpert.com
Good luck.
We call them, ask the sales. Do not let you leave with money. Discuss your problems, it can work. Good Luck
They are indeed between a rock and a hard PLACE.You probably a pretty heavy penalty clauses for early settlement, may be the only solution to pay most of the capital, so that only one outstanding small but in general is only possible to mortgage of 25 years normal period, activate the light print.Have tried to consult the mortgage for a solution?
A quick glance at the website of Northern Rock shows that despite the re-mortgage with them provided free of charge early termination fee in the original contract.
It looks good for your situation ....
A quick glance at the website of Northern Rock shows that despite the re-mortgage with them provided free of charge early termination fee in the original contract.
It looks good for your situation ....
Read Typically no more than the fine print. It will be there if there is a problem.
yes! I have three options for you: --
1. If you have a mortgage for a new facility, negotiate with your existing lender, it is often lower costs to keep your business. They are also checking with other lenders in a competitive market often willing to not announce discounts to time - to love!
2. Simply add the record with the price you ask for your home.
3. Death!
Unfortunately, the only way out is, is a property with a loan refinance program without penalty. You still have to pay the closing costs.
Can you keep the property in lease-purchase after expiration of the prepayment penalty in the amount, what happened? That's something to consider if it could make would be unforeseen circumstances.
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