levon
Apprentice
Joined: 25 Nov 2007
Posts: 2
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 Posted: 03/02/08 - 23:03 Post subject: |
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| Hello Fiona. Unfortunately I need more information in order to give you the right answer. Are you buying the house you’re moving into? Are you getting another mortgage for it? in case you do, you can port (port is the exact term) your current mortgage to another property. In that case, I think, there will be no redemption penalties. If you want to pay off your loan earlier, then you will be charged certain fees which, I’m afraid, can be quite hefty. The best thing to do is to contact your mortgage company and see what are your options. I am sure that they will be able to give you some reasonable solution. I am sorry that I couldn’t help you more. All the best! |
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