Is there any mortgage available without prepayment penalty?
Date: Wed, 03/28/2018 - 17:06
Is it mandatory that there will be a prepayment penalty in a mortgage loan I'm taking out?
Three is usually soft penalty
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.
It isn't mandatory. You can
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.
Sometime, you may have to pay
Sometime, you may have to pay a prepayment penalty for taking out a loan. However, you should talk to the lender regarding it.
Submitted by Sanders Patricia on Fri, 03/30/2018 - 06:15
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