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Debt Consolidation Forums Getting a loan or mortgage and avoid foreclosure forums

Is there any mortgage available without prepayment penalty?

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Is it mandatory that there will be a prepayment penalty in a mortgage loan I'm taking out?




Three is usually soft penalty that the buyer can sell the home anytime without a prepayment penalty. Check your mortgage loan documents to know about it.

Sub: #1 posted on Thu, 03/29/2018 - 07:31

Good Nelly Good Nelly
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It isn't mandatory. You can always shop for a loan without a prepayment penalty. It will help you compare the overall cost and make a decision.

Sub: #2 posted on Thu, 03/29/2018 - 20:27

SC SC
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It depends on your lender and the agreement you've signed. But it's not mandatory.

Sub: #3 posted on Fri, 03/30/2018 - 06:15

tiarajoseph11 tiarajoseph11

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Sometime, you may have to pay a prepayment penalty for taking out a loan. However, you should talk to the lender regarding it.

Sub: #4 posted on Fri, 03/30/2018 - 06:15

sanderspatricia29 sanderspatricia29

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