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Does Your Home Loan Have a Prepayment Penalty?

December 20, 2024 by Robby Oakes

Buying a home is a huge milestone, and the excitement of closing can lead many buyers to quickly accept any mortgage offer without fully understanding its terms. One important detail to watch for is whether your mortgage includes a prepayment penalty. This fee can be an unwelcome surprise, so it’s crucial to know what you’re signing up for before finalizing your loan.

Filed Under: Real Estate Tips Tagged With: Home Loan Tips, Prepayment Penalty , Real Estate Tips

Condo Financing vs. Single-Family Home Mortgages

December 17, 2024 by Robby Oakes

Purchasing a condo can be an exciting step, offering a more affordable option or an appealing lifestyle in certain areas. However, financing a condo differs significantly from securing a mortgage for a single-family home. These differences arise from the shared nature of condo ownership, affecting the underwriting process, appraisal requirements, insurance needs, and sometimes even the interest rate.

Filed Under: Home Mortgage Tips Tagged With: Condo Financing, Home Loan Tips, Mortgage Advice

Does Your Home Loan Have a Prepayment Penalty?

October 9, 2024 by Robby Oakes

Buying a home is a huge milestone, and the excitement of closing can lead many buyers to quickly accept any mortgage offer without fully understanding its terms. One important detail to watch for is whether your mortgage includes a prepayment penalty.

Filed Under: Mortagage Tips Tagged With: Home Loan Tips, Mortgage Advice, Prepayment Penalty

Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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