[Rock2008sz]

咱也鸪狗了(问题:REFINANCE OFFER-- PRIME-0.75% for 5 years怎样?)，没有找到满意的回答，

离现在的TERM到期还有13个月，现在的利息是4.75%,如果现在BREAK， PENALTY 是1378， TRANSFER FEE 200

现在有以下的REFINANCE OFFER，大家看看哪个好?

1) 现在的银行给我
TRANFER TO VARIABLE PRIME-0.75% 5年期， NO PENALTY，NO TRANSFER FEE
2) 现在的银行给我
TRANSFER TO 3 YEAR FIXED， 4.35% NO PENALTY， NO TRANSFER FEE

3) 新的银行1
VARIABLE RATE
-1% cash back
-PRIME-2.35 for 3 month
-PRIME-0.385 for remaining years
-CASHback maybe redebited if breaking contract in 2 years.
我得付以前银行罚款。

[oread]

You should also consider the following:

1. New bank's term, i.e. 3 years? 5 years? or 6 years?
2. Your outstanding balance on your mortgage, this would affect your cash back value.

My gut feeling is: stay with your current bank. Use the mortgage calculator to find out detailed amortization table and EXACTLY how much principal/interest you will be paying under each option.

Good resource: http://www.canadamortgage.com

[Rock2008sz]

谢谢上面两位板主回贴。

我刚跟BROKER打了电话，说如果换银行的话，我除了要给原来的银行罚款和TRANSFER FEE，我还要出格LEGAL FEE(他说400多)。

你们在换银行时有没有交过什么LEGAL FEE，这个LEGAL FEE是否有谈判空间让新的LENDER出?

另外‘丫座’讲的FULLY OPEN的意思是否有以下含义
1)如果BREAK MORTGAGE (卖房，或换走)没有PENALTY?
2)想PREPAY多少就多少?

关于PREPAY，不同的BROKER搞的名堂很多，比如说一个BROKER给
1)PRIME-0.75% for 5 years
2)Prime -.75 plus 1% set every month ( extra is put into
principle)
跟我解释了一会儿，说什么预付的100%进PRINCIPLE。把我搞糊涂了。

PREPAY难道不是100%进MORTGAGE?我曾经在我以前的FIXED TERM中间PREPAY了一次，当时银行的人解释我PREPAY的部分100%进PRINCIPLE，之后每次PAYMENT的AMOUNT是和以前一样的，不同的是PREPAY后，PAYMENT中的利息部分就减少，本金部分就增加。

[oread]

You have a minimum required mortgage payment each month, any amount that's over that limit is considered prepayment. Some banks allow prepayment up to 20% of your entire mortgage for each calendar year. Prepayment goes towards your principal not interest, but this is standard practice in all banks.