A mortgage penalty is a fee that a borrower may be required to pay if they break the terms of their mortgage agreement. Typically, this penalty is charged when the borrower pays off their mortgage early or makes a larger-than-allowed payment. Mortgage penalties are designed to compensate the lender for the interest income they would… Continue reading What Is a Mortgage Penalty and How Is It Calculated?
Author: brooklynreesor
Why Choose a Mortgage Broker?
There are several reasons why you might choose to work with a mortgage broker when you're looking to purchase a home or refinance an existing mortgage: Expertise: A mortgage broker is a licensed professional who specializes in home financing. They have in-depth knowledge of the mortgage market and can help you navigate the various options… Continue reading Why Choose a Mortgage Broker?