Tag Archives: Mortgage Penalties

mortgage penalty and prepayment privileges

Posted in: Payless Penalty | April 10, 2013 at 12:22 am, by admin

Mortgage prepayment privileges. Reduce your mortgage and your mortgage penalty. You’re desperate to get out of your current mortgage, but your lender tells you that freedom has its price – you’ll have to...

Pay your mortgage off faster

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

No comments

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

No comments

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

No comments

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

No comments

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...