What percentage is the pre-payment penality on a mortgage in Virginia?

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What percentage is the pre-payment penality on a mortgage in Virginia?

2006-06-28 13:27:54 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate

3 answers

Look at your mortgate agreement. It will spell it out clearly if there is one.

I've never taken out a mortgate with a pre-payment penalty. If there's any chance that you might sell, it's a terrible deal.

2006-06-28 13:41:34 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋

I would think the laws of the state determine maximums that can be charged. If you have a pre-payment penalty it would be listed in the mortgage agreement. You'll just have to wade through the document and find your answer.

2006-06-28 13:34:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋

ask a mortgage company that works in Virginia, all of them operate differantly

2006-06-28 13:31:13 · answer #3 · answered by kcracer1 5 · 0⤊ 0⤋