Why do some lenders charge a penalty if you prepay on a mortgage? Is there anything that can be done to lower/eliminate that penalty?
Answers | 1
November 06, 2015
Asked by Brady
Answered by Brian Howell
Mortgage Professional in Castle Rock, CO
No Brady it usually isn't. I would recommend sending two separate checks for $100...
Asked by MORE DIOP
Asked by donna
Answered by David Skow
Mortgage Professional in Seattle , WA
Thanks for your post .....your best 1st step will be to get a loan pre approval ...