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wildwoodcapitalinc
Guest
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 Posted: Sat Nov 05, 2005 4:11 pm Post subject: Need information regarding mortgage laws in Maryland |
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Hi,
I need some genuine information regarding mortgage laws in Maryland? Please help me out.... |
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Bill
Guest
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| Posted: Sat Nov 05, 2005 5:24 pm Post subject: Want some info regarding Maryland mortgage law |
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Hi,
It will be very helpful for me also if anyone can provide some authentic information regarding this.
Thanks. |
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 Samantha
Community Mentor
Joined: 16 Sep 2005
Posts: 1600
Location: MASSACHUSETTS
149.06 Dollars($)
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| Posted: Sat Nov 05, 2005 5:40 pm Post subject: |
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Hi to both of you,
Welcome to MortgageFit Forums.
It's always a good decision to check in the laws on mortgage prevailing in the state before going for it.
The mortgage laws in Maryland, is mainly governed the Maryland Statutes.
Kindly refer this page, for detail on the laws existing in Maryland.
Feel free to post if you have any more queries.
God bless you.
For MortgageFit,
Samantha |
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Bill
Guest
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| Posted: Sat Nov 05, 2005 5:58 pm Post subject: |
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Hi Samantha,
There is valuable information indeed in the page you referred. Thanks to you for paying attention to my query.
Regards,
Bill. |
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nicole.clark@secumd.com
Guest
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| Posted: Mon Dec 05, 2005 11:12 am Post subject: Mortage Payoffs |
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| Is there a law for Maryland residents that states you can not be charge a pre-penalty for paying off you mortgage early |
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Samantha
Community Mentor
Joined: 16 Sep 2005
Posts: 1600
Location: MASSACHUSETTS
149.06 Dollars($)
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| Posted: Mon Dec 05, 2005 11:33 am Post subject: |
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Hi nicole.clark,
Welcome to MortgageFit Forums.
Many of the laws in Maryland do not permit prepayment penalties. Under some cases it is permissible.
Actually the contract language governs it. If it is included in the contract then it may be permissible. If the contract document does not contain anything on the matter then it is prohibited to charge.
Hope this information will help you. Feel free to ask if you require further clarifications.
God bless you.
For MortgageFit,
Samantha
_________________
Know how to compare lenders with mortgage booklet |
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