What is a Break Cost?

September 09, 2017
Bob Korver

Mortgage Choice –Eight Mile Plains Info series

 

JARGON EXPLAINED!

 

BREAK COSTS

 

If you have a fixed rate home loan and you pay it out before the end of the fixed rate period, you incur break costs. They can also be charged if you make additional payments over and above your normal contracted repayment amount.

 

For more information contact Bob Korver on 0408 050 378 or Vicky Bleathman on 0403 152 390 from Mortgage Choice – Eight Mile Plains or visit https://www.mortgagechoice.com.au/bob.korver

 

 

Important information

This article is for general information purposes only. It has been prepared without considering your objectives, financial situation or needs. You should, before acting on the advice, consider its appropriateness to your circumstances.

 

Posted in: Home loans

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