PRACTICAL GUIDES
Questions and Answers about Mortgage Financing
Financing does not have to feel like a maze of technical terms. At FINOVA, we believe clarity is the first step towards a smart decision. Explore our Practical Guides and FAQ centre to understand the financial language and every step of the process — without fine print and without complications.
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Can I repay my loan early? What penalties apply?
Yes, you can repay your mortgage early, in full or in part, at any time, as long as you notify the lender at least seven business days in advance. The lender may charge a maximum fee of 0.5% of the repaid principal for variable-rate contracts and 2% for fixed-rate contracts. During exceptional legislative periods, these fees may be suspended or reduced.
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