Mortgage Prepayment

Mortgage Prepayment Image

What is prepayment?

Prepayment is when your mortgage is paid in full before the due date. If you’ve been thinking of refinancing your mortgage, it’s important to see if any prepayment penalties exist on your current mortgage.

If you do have a prepayment penalty in your current mortgage, that doesn’t necessarily mean refinancing is the wrong choice for you. Depending on the type of loan you may qualify for, your credit score, or current interest rates, you may still be able to lower your monthly payment—even with the prepayment penalty factored in.

If you’ve been thinking about refinancing, give us a call today. We can evaluate your current situation and help you make the decision that makes the most sense for you.

 

 

 

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We look forward to putting our experience to work for you! We strive to offer the best mortgage products and services in the industry. By combining our online services with a local mortgage consultant who lives right in your neighborhood, we're confident that you will receive the personal attention that you deserve. Submit a request for information, and your local mortgage consultant will contact your right away to review your information and advise you on the best loan programs and rates avai ...

 

Contact Us

Atlantic Home Loans, Inc - NMLS: 15241
50 Route 46
Parsippany, New Jersey 07054
Email: ebocchino@atlantichomeloans.com

 
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Atlantic Home Loans, Inc. NMLS#15241 www.nmlsconsumeraccess.org 50 Route 46 West, Parsippany, NJ 07058 licensed or authorized Mortgage Lender/Banker by, and does not offer its loan services or products in any states other than, the following: CA Department of Business Oversight, CT Dept of Banking, DC Department of Insurance, Securities and Banking, DE Office of the State Bank Commissioner, FL Office of Financial Regulation, GA Dept of Banking & Finance, MD Commissioner and Financial Regulation, MA Division of Banks Lender/Broker MC#15241, NJ Dept of Banking and Insurance, Licensed Mortgage Banker—NYS Department of Financial Services, NC Commissioner of Banks Mortgage Lender, PA Dept of Banking, Rhode Island Licensed Lender/Broker, Virginia State Corporation Commission License MC-3001. Atlantic Home Loans is not acting on behalf of or at the direction of HUD/FHA or the Federal Government.