What is a payout penalty?

This video defines what a payout penalty is and the benefit it has for banks and lenders. The different types of payout penalties are covered and explained to ensure someone seeking a to pay off their mortgage early is aware of potential penalties and how much those will cost them.

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This entry was posted on Tuesday, July 8th, 2014 at 1:42 pm and is filed under Finance, Mortgage, real estate, Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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