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A comment on Danish bank launches negative interest rate mortgage. Parent comment

Re:Danish bank launches negative interest rate mortgage by systemtest on Thursday August 15, 2019 @04:23AM (#20703504)
They are specified in the contract. If you sign the mortgage contract you are giving the bank steady business for the next 10 years in return of a lower rate. By breaking that 10 year agreement the bank loses money which they will charge you for.
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Re:Danish bank launches negative interest rate mortgage by Dylan16807 on Thursday August 15, 2019 @10:21AM (#20705438)
If the early payment penalty is based on the current rate, then it's not what I mean when I say "specified by the contract".
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Re:Danish bank launches negative interest rate mortgage by kgwgk on Thursday August 15, 2019 @08:01AM (#20704383)
It all depends on the contract. You can get a not-so-low rate that gives you the option of prepayment (with some fixed penalty).
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