Nov 10 2008, 02:11 PM
QUOTE(alanyuppie @ Nov 10 2008, 12:31 PM)
Yeah, most lock-in periods is 5 years, but not sure bout the amount of fine though, Still got banks offered a shorter lock in period, but you may lose out in other areas of the loan.
MRTA is a "insurance" in case "accidents" happen to your before your housa loan is fully settled. If you settled your house loan early, MRTA will be irrevelant anymore.
And always read the terms and conditions of the MRTA document - some MRTAs give refunds if the loan is fully discharge before the end of the period.MRTA is a "insurance" in case "accidents" happen to your before your housa loan is fully settled. If you settled your house loan early, MRTA will be irrevelant anymore.
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