Soft prepayment penalty vs. hard prepayment penalty

qa.jpg

Q: What is the difference between soft and hard prepayment penalties?

A: Hard prepayment penalty penalizes if you either refinance or sell. Soft prepayment penalty only penalizes in case you refinance.

Thu Oct 5, 2006 10:10PM | Copyright: www.bad-credit-advisor.com | More in Mortgage | Comments (0)

Recent Entries