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%: $50,000 -$150,000
1%: > 150,000

All liens & other deeds $15 per deed (in 3-voud)
Prepayment fee 2% of outstanding debts (with a minimum of $2,500)
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