Mortgages

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