How much is the fee for a cancellation of mortgage of a house and lot?

Question

How much is the fee for a cancellation of mortgage of a house and lot?

Answer 1

I am not sure what you are talking about. If there is a mortgage and it has a pre-payment penalty, that information should be in you closing package. Look for a pre-payment penalty rider or call your servicer.

If the question has to do with cancelling an application for a mortgage that has not closed yet, typically the only cost for doing that is whatever you are out of pocket (e.g. application fee, appraisal fee, etc.).

I hope something I have said helps to answer the question. If not, maybe you could provide some more detail as to what the question is.