When paying off your monthly mortgage payments, you may have wondered if you can make extra payments each month in order to pay off the mortgage early. But is paying off your mortgage early really worth it? Let us explore the pros and cons of paying off your mortgage early:
Using tranches is a good way to move the risk of investments and prepayment penalties, but should you rely on them? The simple answer is no, you shouldn’t rely on them entirely. However, that doesn’t mean that you should shy away from them altogether. By knowing the risk of tranches, you can smartly invest and […]
If you have collateralized mortgage obligations, you know that they could be at risk of prepayment penalties if they mature too early. Thankfully, there are ways you can help move the risk to avoid these penalties.
You’re a few years into your mortgage and have decided to pay it off early. Due to a term in your loan agreement, you know that you will have to pay your lender a fee in order to do so, or a prepayment penalty. A prepayment penalty is an agreement that regulates how much a […]