Important points to consider avoiding mortgage refinancing penalties

Here are some questions you could ask yourself when you think about a refinancing your mortgage in order to avoid penalties.

1. What are we talking about when we talk about interest rate differential in mortgage refinancing?

If we take as example the agreement with a major American bank, the interest rate [...]

Beware penalties when you refinance your home!

If you are looking to refinance your mortgage, the calculation of prepayment penalty is crucial. Why? Because the fee may be high, so high that it could cancel the savings.

Even if they often deny it, banks blurred the calculation of the penalty they impose in the early repayment of the loan, a very important [...]