The Current Mortgage Has a Pre-Payment Penalty - What Now
Worry less about the pre-payment penalty when compared to the amount lost to interest over the course of the mortgage. Balance that figure and about 99% of people will find that it is less expensive
to get started now - than to wait.
Related Articles
How To Avoid 401(k) Early Withdrawal Penalty
Unfortunately, the early withdrawal penalty assessed by the IRS (i.e. 10%) is deducted immediately upon withdrawal of funds. This 'indirect tax' is unavoidable at this current time, save for the exceptions listed below. Even when penalty-free, it is ...
Is This a Bi-Weekly Payment Program
No. Bi-weekly programs have a homeowner make a payment every two weeks (same monthly amount broken into two payments) to effectively cut off 7.5 years a 30-year mortgage on average. Our system actually works reduces the mortgage even better than ...
How Can I Determine If My Mortgage Is A Qualified Mortgage?
A Qualified Mortgage Loan is designed to offer a safer financial product (think back to 2008). The QM Loan was born from that financial crisis in order to prevent history from repeating itself. It requires lenders to verify a borrower's ability to ...
Is An Adjustable Rate Mortgage A Qualified Mortgage?
An Adjustable Rate Mortgage (ARM) may be a Qualified Mortgage (QM) as long as it meets the federal requirements under the Consumer Financial Protection Bureau. See the following: ...
Can This Remove A Mortgage / Home Loan
Debt Removal Secrets will not work if one still possesses the home. A home is considered a secured debt because an asset can be seized. If the the home is no longer in one's possession, the debt / derogatory mark itself can be removed from the credit ...