Questions to Ask Your Bank Manager What is the interest rate? What is the present balance? When is it due? What is the balance tax account for? Is my mortgage portable? What is my penalty?   A) Can my mortgage be assumed by the purchaser? B) What is my penalty for canceling my mortgage? C) What is the interest differential for balance of term?    Purchasing Another Home If I take another mortgage for my new home, will the penalty still apply? How long do I have before buying another home in order to get a refund on my penalty?

Related Tips - Questions to ask your bank manager - Seller's Net Sheet - What to Expect After You List - Important Moving Tips

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