Mortgage Prepayment Information
home or pay off the mortgage early. Long-Term • A long -term mortgage is generally between three and five years or longer. - 2 - Ways to Pay Off a Mortgage Faster Without Having to Pay a Prepayment Charge: Increased Payment • You may increase the amount of your regularly scheduled payment by an amount up to but not exceeding 20%, once during any year. Lump Sum Payment • You may make a ... ................
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