Prepayment
Understand Your Mortgage Terms
Read through your mortgage carefully.
What are the terms of your mortgage as far as refinancing is concerned? What are the prepayment penalties?
What about your interest rate - is it fixed or about to adjust?
What are your caps as far as your interest rate is concerned? How do these caps affect your interest rate
Quite a bit of the information you'll need to decide if refinancing is right for you will be in your mortgage right now. If you're not sure of ... Read More »