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Discharge Costs |
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Lender's discharge fees These fees cover the lender's cost of paying out your loan
Deferred establishment fees These fees may apply if you decide to pay off your loan early, usually within 3 to 5 years of establishing the loan. The fees are generally calculated as a % of the initial loan amount and sometimes reduce over time. The costs can be substantial; therefore you should consider them carefully if it is possible that you will pay off the loan within 5 years. Discharge registration fees These government fees are charged for the releasing the mortgage/s held against your property/ies.  |
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