MCAP Service Corporation
The Mortgage will automatically renew into a 1 Year fixed rate closed term Mortgage on the Maturity Date. b. If you choose to pay out the outstanding balance of your 1 Year fixed rate closed term Mortgage during the. renewal term, you will be subject to the Early Payout Penalty (which is the greater of the Interest Rate . Differential Amount or Three Months Interest Cost), plus a Reinvestment ... ................
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