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May 15, 2021, 06:12:09 am
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Author Topic: Customary Prepayment Penalty  (Read 2107 times)

Offline Cali

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Customary Prepayment Penalty
« on: February 15, 2005, 10:18:43 pm »
What is customary pre payment penalty for 100% LTV, zero down, 7.25%, 30 yr fixed loan?

Offline txbroker

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Re:Customary Prepayment Penalty
« Reply #1 on: February 16, 2005, 08:22:35 am »
2 or 3 years, or you can buy out the pre pay with a fee or bump in interest rate.

Are you selling the home or living in it?

Brent
Txbroker
Coast to Coast Mortgage Group
[email protected]

Offline Cali

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Re:Customary Prepayment Penalty
« Reply #2 on: February 16, 2005, 06:43:00 pm »
Property is multi-family rental

Offline txbroker

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Re:Customary Prepayment Penalty
« Reply #3 on: February 17, 2005, 08:05:33 am »
pre payments are still the same
Txbroker
Coast to Coast Mortgage Group
[email protected]

 




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