Monthly Archives: March 2013

Pay your mortgage off faster

Posted in: Payless Penalty | March 18, 2013 at 2:12 am, by admin

Pay your mortgage off faster. And reduce your mortgage penalty at the same time. Looking for a way to reduce your mortgage penalty? It’s simple; pay your mortgage off faster! Before we look...

Reduce Your Mortgage Penalty

Posted in: Payless Penalty | March 9, 2013 at 9:34 pm, by admin

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Reduce Your Mortgage Penalty. A few quick tips to reduce mortgage penalties. You bought your house a few years ago at an interest rate of 5%. Now everywhere you look banks and credit...

Mortgage Penalties Explained

Posted in: Payless Penalty | March 7, 2013 at 9:58 pm, by admin

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Mortgage Penalties Explained. Basic in’s and out’s of a mortgage penalty. There are two types of mortgages: open and closed. Open mortgages can be paid off at any time without penalties, but the cost of...

Interest Rate Differential

Posted in: Payless Penalty | March 7, 2013 at 12:53 am, by admin

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Interest Rate Differential (IRD). Understand how IRDs are calculated(at least the one’s we know…). Typically, mortgage penalties are calculated using the greater of three months interest or the Interest Rate Differential (IRD). But...