Frequently Asked Questions
- My mortgage carries a prepayment penalty. Does it mean I can make no extra payments at all without being penalized?
- What is the difference between a hard and a soft prepayment penalty?
- Should I agree to have a prepayment penalty included into my contract?
- How much is an average prepayment penalty?
- How come my monthly payment has shrunk, while the rate has increased?
- What is the minimum down payment required to buy a home?
- Is there a way to amortize an interest-only mortgage?
- How come I have been paying my mortgage for 2 years, but the balance is actually growing?
- How come I have been paying my mortgage for 2 years, but the balance is (practically) unchanged?
- How to avoid PMI or get rid of it sooner?
- How can I reduce my monthly payments?
- How risky is a HEL/HELOC?
- It is true that a biweekly mortgage pays a lot better than a conventional one?
- ARM Rates Are Skyrocketing! I don’t want to lose my home!
- Is there a way to pay my mortgage off sooner?
