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 shaden13
Joined: 12 May 2009
Posts: 1
1.25 Dollars($)
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 Posted: Tue May 12, 2009 4:23 pm Post subject: Are prepayment penalties allowed on a Texas Cash out refi? |
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| Are prepayment penalties allowed in a Texas Cash out refi? |
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Niicss
Joined: 03 Oct 2005
Posts: 2620
Location: New Jersey
409.63 Dollars($)
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| Posted: Wed May 13, 2009 2:49 am Post subject: |
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Hi shaden
You will have to check out your mortgage documents in order to know whether your loan has a prepayment penalty clause or not. You can even contact your lender and check out if there is such a clause mentioned in your loan doc.
Thanks.
_________________
Good is the Enemy of Great. |
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Shaden
Guest
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| Posted: Tue May 19, 2009 8:30 am Post subject: prepayment penalties |
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Thank you so much for your fast reply. Texas has very stringent guidelines on cash-out refi's, I've since looked up those guidelines and it states that no pre-payment penalties are allowed on Texas cash-out refi's.
Thanks again,
S. H. |
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