Mortgage pre-payment penalties are fees that you might have to pay if you decide to pay off your mortgage loan early or make extra payments beyond what you agreed upon with the bank or lender. These penalties are like a cost for breaking the original mortgage agreement, and they can vary depending on the terms of your loan. It's important to understand these penalties before making extra payments or paying off your mortgage early, so you know what to expect. It's important to consider your individual financial situation, your long-term goals, and the terms of your mortgage when deciding whether mortgage pre-payment is the right choice for you Reach out anytime with any questions you may have! Samantha Mirabelli Mortgage Agent 2 Sherwood Mortgage Group #12176 📧smirabelli@sherwoodmortgagegroup.com #mortgagerates #MortgageMarket #mortgage
