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Hello guys, please help me out

Submitted by rachel roman on Sat, 12/08/2018 - 23:03

Hello guys,
How is it going?
I got married a few years ago. We bought a new house through mortgages and it was really a dream come true moment for me. When I got married we were living in a garage and I glad that I was able to give my wife a proper house. But last day I received a call from a person who is interested in buying my house for a good amount. I reckon this is a very good offer for me. And I am planning to sell my house. When I spoke with my friend about this, he said I would have to pay mortgage penalty. So considering the rules & regulations is it a good idea to sell this house?
I would like to know your thoughts on this. Thanks in advance.

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Mr Adams

Submitted by on Wed, 12/12/2018 - 04:50

( Posts: 202330 | Credits: )

Read the mortgage agreement that you have signed. See if there is a prepayment penalty. Some lenders charge a prepayment penalty when you pay off mortgage early. What you have to do is calculate how much you have to pay for the prepayment penalty. Is the amount too high?

Submitted by Nick Jonas on Tue, 12/11/2018 - 19:56

Nick Jonas

( Posts: 427 | Credits: )

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