Mortgage Basics Thursday, July 03, 2008 


Prepayment Priviledges

  • Most lenders will offer at least 15% prepayment privileges annually. We have lenders who will offer up to 20% prepayment privileges annually.

  • In addition to a lump sum prepayment it is possible to increase your monthly, weekly or bi-weekly payments by 10%, 15% or 20% per installment with some of our lenders.

  • Some mortgages allow the option to double up your mortgage payments each month.

  • Some mortgages allow you to pay the mortgage off prior to maturity without penalty and others will allow prepayment with penalty.

  • Let us arrange a mortgage for you that meets your needs.

   
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