When is the end of term ? If they are offering an early renewal there should be NO penaltyqianquan wrote: ↑ Hi, want some opinions from experts. I recently signed two mortgage early renewal agreements with RBC, one on August 20, and the other one on August 25. And on the agreements, one showed the Prepayment Charge was $3690, and the other one was $16747. The RBC staff came back from vacation on 31 August, and told me she made a mistake, and input a wrong code when calculating the penalties. the penalties should be $4737.82 and $18878. And even better, she told me the penalty of the first renewal was $5774 after she confirmed with back office. I thought, WTF, I never met such things from a bank. what is your thought about this? Thanks!
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