Reinvestment Fee is a charge to recoup the costs associated with originating your mortgage. This fee may be applicable when your mortgage is paid out prior to the maturity date.
See your mortgage contract to determine if the Reinvestment Fee applies to you. If you don't know this information, you can find it by calling us.
The Reinvestment Fee may be $500 in the first year, $400 in the second year, $300 in the third year.
Questions? Please call us at 1-833-610-0516
