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What Is a Mortgage Penalty and How Is It Calculated?
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…
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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: Overall, working with a mortgage broker can help simplify the mortgage process and potentially save you money in the long run. Need a mortgage service? We’d love to work…
Mortgage Calculators