Go Back |
|||||||||||||||||
|
Go To Articles Directory Home Page To get the current article, - See Below (at the bottom of the page) -. For top news titles, see below. Web sites and videos listed in this page are frequently updated. If you find that this page is useful (quality of web sites, images and videos, ...), you can add it to your favorites. Bookmark Page ! |
Mortgage Prepayments And Penalties
Regular mortgage monthly payment already covers payment on interest. Any extra or additional payment refers to prepayment. Mortgagor or borrower often asks why I have to pay penalty on prepayment or refinance. Since the mortgage companies loses payment on interest, the mortgagor or borrower needs to pay penalty. The penalty on mortgage depends on the mortgage companies.
About the Author: Dennis Estrada is a webmaster of mortgage calculators which calculate the mortgage payments, and compare different interest rates.
|