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...
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Tag Archives: Save money
Long amortization means more interest
Shorten that amortization period. And save a bundle on mortgage interest. One of the tough choices you’re faced with when setting up your mortgage is deciding on the amortization period, or how long...
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Reduce Your Mortgage Penalty
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...
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Mortgage Penalties Explained
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...
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