Posted on October 27, 2010.
Want to exchange mortgage interest while rats are "still low, goal Will Have to Pay Penalty for coming out of current deal early, Is There A Company That Will this pay for you to get your proven business? If so Who is it?
Wilda Romrell says...
Your loan has a prepayment penalty?That means that you have a very low interest rate to begin with or some kind of subprime loan, due to regs on prepayment penalties.
When you do a refi, you can have that prepayment penalty "rolled into" the new loan.However doing so increases your indebtedness, and increases the amount of interest you pay over the life of your loan..
Posted on November 7, 2010
