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Portability Fee - new mortgage
When you request that a property securing loan is replaced with a property that is a new security to mecu.
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$500.00 |
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Portability Fee - existing mortgage
Payable when a property securing a loan is replaced with a property that is already registered with an mecu mortgage
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$150.00 |
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Production of title
Payable when you request access to your title prior to the loan being repaid.
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$300.00 |
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Second Mortgage Consent
If mecu consents to a second mortgage by another financial institution this fee covers out costs of presenting the title for the seconf mortgage to be registered.
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$350.00 |
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Subdivision Request - new mortgage
Payable if mecu need to take security over new land as part of a subdivision request.
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$400.00 |
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Valuation Administration Fee
If you request a loan variation, mecu may need to revalue your property before approving the request.
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$250.00 |
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Fixed Rate Switch Fee
Payable when transferring from a variable home loan product to a fixed rate home loan product.
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$150.00 |
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Discharge Fee - Registration or Settlement
mecu's Loan Discharge Fee covers preparation of the discharge of mortgage form. This fee is payable when you request mecu to arrange for the registration of discharge or mecu is requires to attend settlement, other than at an mecu office. Statutory governement registration fees will apply.
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$250.00 |
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Other Variation Services
If a fee or services is not listed here, please contact mecu to see if we can assist. Please be aware that standard conditions, consent fees, legal and valuation fees may apply.
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