Mortgages

Some fees/service charges are subject to ABB

Effective October 1, 2019

 

 RETAIL MORTGAGES FEES*

 

Charges

Closing fee on mortgages

3%:     < $50,000 (min. $750)
2.5%:  $50,000 -$150,000
2%:     > 150,000

All liens & other deeds $ 15 per deed (in 3-voud)
Prepayment fee

5% of outstanding (min. $ 2,500; if paid off within 3 yrs)
2% of outstanding (min. $ 5,600; if paid off within 5 yrs with sale of property)

Disbursement fee $ 30 for each disbursement phase

Restructuring/ refinancing fee mortgage

Same as a closing fee on increase only

Change in monthly repayment fee $ 150
Extension fee $ 25 per extension
Change of borrower name of mortgages
by request of customer f.i. due to divorce

$ 250

Cash withdrawals on pledged life insurance
policies & confirmation of cancellation/ release
of the beneficiary clause on life insurance policies

$ 50

Balance confirmation letter

$ 25

Interest tax reduction letter $ 25