Avoid This Costly Mortgage Mistake: What You Don’t Know About Prepayment Penalties!

Are you paying down your mortgage early, only to find there could be a hidden fee waiting to catch you off guard? In this episode, Rachel Sheller uncovers the truth about prepayment penalties—a little-known mortgage term that could impact your finances if you’re planning to refinance, sell your home, or pay off your loan ahead of schedule.

Learn:

• What a prepayment penalty is and why lenders include them.

• Why these penalties are less common today but still worth checking for.

• Smart tips to protect yourself by asking the right questions and reading your loan terms carefully.

Whether you’re a first-time buyer or a seasoned homeowner, understanding this potential pitfall can save you money and stress.

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