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Defaulting on Mortgage question

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  • 04-10-2013 5:55am
    #1
    BabyMonkeyy
    Registered Users Posts: 57 ✭✭


    Can someone please enlighten me on defaulting on a mortgage. If you default on a mortgage and say your paying 3% interest on it. If you default are you charged more interest on the mortgage as a penalty for not paying?


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    #2
    roro2
    Registered Users Posts: 412 ✭✭roro2


    No. In their wisdom, the Central Bank did away with surcharge interest a few years ago.


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