"Prepayment may sound like a good idea but only if the contract tells you that it's fine. Certain Dallas mortgage lenders, for instance, may impose prepayment penalties that are prevalent in low-interest loans. The amount varies by lender, but experts estimate it can reach up to six months worth of interest. Prepayment policies, for this reason, should be included in your list of questions when shopping for mortgage. Read the terms of Dallas mortgage loans from providers like Churchill Mortgage to the letter; a lot of people have been caught off-guard in their mortgage policies due to the simple mistake of not reading the fine print. Don't be one of them."
http://dallas.churchillmortgage.com/industry-news/exercise-caution-about-paying-early-dallas-mortgage-lenders-advise/
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