Applying for a mortgage can be tricky. There are many things to consider, including something known as a prepayment penalty. A loan with a prepayment penalty may also come with a lower rate and so can seem more attractive. However, the prepayment penalty will hurt you if you want to refinance or even sell “early.” [...]
Beware of the Mortgage Prepayment Penalty is a post from the Money Crashers personal finance blog.
Source: http://www.moneycrashers.com/mortgage-prepayment-penalty/
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