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prepayment

  • Permalink

    Is It Smart to Prepay Your Mortgage?

Is It Smart to Prepay Your Mortgage?

By Ilyce Glink| 2020-04-14T11:55:21-05:00 April 14th, 2020|

Is it smart to prepay your mortgage? These are the three different approaches to paying your mortgage that work for homeowners and investors.  Q: I'm 83, have no mortgage, pay my credit cards in full each month and have no car payment. When I first started out in 1961, I bought a 52 chevy for [...]

  • will I get a penalty if I close before the prepayment penalty period is up
    Permalink

    Prepayment Penalty: Will I Have To Pay a Prepayment Penalty If I Close Before The Penalty Period Is Up?

Prepayment Penalty: Will I Have To Pay a Prepayment Penalty If I Close Before The Penalty Period Is Up?

By Ilyce Glink| 2018-06-18T15:24:28-05:00 April 6th, 2017|

We often get questions about prepayment penalties and whether the penalty period will apply if a homeowner sells the home rather than just prepays the mortgage.  Q: I just signed a contract on my house with a closing at the end of next month. I also bought a new house with same closing date. I [...]

  • should I prepay my mortgage what is the best way to pay your mortgage
    Permalink

    Should You Prepay Your Mortgage?

Should You Prepay Your Mortgage?

By Ilyce Glink| 2017-03-08T12:58:17-06:00 May 17th, 2013|

Many people wonder if they should prepay their mortgage. Prepaying a mortgage isn't the best thing for everyone and requires financial planning.  Q: I enjoy your articles but I think you left out a couple of extremely important items in your questions to ask about taking out a mortgage loan. In some states, prepayment penalties [...]

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