DelphiFAQ Home Search:

How to avoid a prepayment penalty on a mortgage

 

commentsThis article has not been rated yet. After reading, feel free to leave comments and rate it.

Question:

I am about to refinance my house into an ARM. What do I need to do to avoid a prepay penalty?

Answer:

Very simple - tell your mortgage broker or whatever contact person you work with, that you do not want a pre-pay penalty. This will technically limit the number of lenders you will qualify for, however.


Comments:

 

 

NEW: Optional: Register   Login
Email address (not necessary):

Rate as
Hide my email when showing my comment.
Please notify me once a day about new comments on this topic.
Please provide a valid email address if you select this option, or post under a registered account.
 

Show city and country
Show country only
Hide my location
You can mark text as 'quoted' by putting [quote] .. [/quote] around it.
Please type in the code:

Please do not post inappropriate pictures. Inappropriate pictures include pictures of minors and nudity.
The owner of this web site reserves the right to delete such material.

photo Add a picture: