What are the fees and process involved in fully redeeming a mortgage with the bank?
- Title perfected
- No penalty for early redemption
- Conventional loan
- Single borrower and single owner
Fees and Process for redeeming mortgage early
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 Jul 25 2024, 02:34 PM, updated 2y ago
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Jul 25 2024, 02:59 PM
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#2
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QUOTE(yeeck @ Jul 25 2024, 02:58 PM) Inform the bank of your intention to fully redeem the loan, they will advise you on the balance to be paid, then after you paid the balance, they will issue the letter of discharge. Pass this letter of discharge to your lawyer to handle the discharge. What are the fees involved? |
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Jul 25 2024, 03:00 PM
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QUOTE(yeeck @ Jul 25 2024, 02:59 PM) Check with your lawyer. I mean usually, I don't have a lawyer. Am asking to get some idea |
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