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Mortgage Basics |
Thursday, July 03, 2008 |
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Most lenders will offer at least 15% prepayment
privileges annually. We have lenders who will offer up to 20%
prepayment privileges annually.
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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.
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Some mortgages allow the option to double up
your mortgage payments each month.
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Some mortgages allow you to pay the mortgage
off prior to maturity without penalty and others will allow
prepayment with penalty.
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Let
us arrange a mortgage for you that meets your needs.
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