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| Should You Eat Your Prepay? |
| Published: December 8, 2007, 7:45 pm |
| Tags: Mortgage Musings, Consumer Mortgage Tips, Home Loans, Mortgages, Neg Am Loans, Negative Amortization, Option Arms, Prepayment Penalties, Subprime Mortgage |
| loan you took a 3-year hard prepayment penalty with the loan. That prepayment penalty isn’t up until some time late next year. Your home is “worth” $550,000 right now, down from $600,000 a few short months ago, but there are homes on the market that have been sitting and you feel future price devaluations are imminent. You |
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