Video: When To Accept Mortgage Prepayment Penalties

Financial Analyst Greg McBride explains the price for paying off your Home Loan or HELOC early in this exclusive MoneyTips video

July 11, 2018

There are plenty of mortgages available that don't charge prepayment penalties. When should you be willing to accept a home loan with these potential fees? Senior VP and Chief Analyst Greg McBride explains what benefits may balance out such penalties, as well as what to look out for in your Home Equity Line Of Credit (HELOC) contract.

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