Hi All,
I'm just about to refinance my current two loans and both have exit fees. One in particular with Resimac has a ridiculous 3% exit fee which ends up being around $8500. This is in my contract.
Just curious though, is there any way to negotiate this amount? My mortgage broker is happy to give me $850 from his commission to assist with this but the banks do not want to help.
Anyone have any good ideas?
Is this fee also tax deductible as both my loans are for investment properties?
Thanks in advance,
Pokka
I'm just about to refinance my current two loans and both have exit fees. One in particular with Resimac has a ridiculous 3% exit fee which ends up being around $8500. This is in my contract.
Just curious though, is there any way to negotiate this amount? My mortgage broker is happy to give me $850 from his commission to assist with this but the banks do not want to help.
Anyone have any good ideas?
Is this fee also tax deductible as both my loans are for investment properties?
Thanks in advance,
Pokka