It is important to have representation from a REALTOR (R) who can help you navigate the complexities of buying a home. REALTOR (R) Tom Davis has tips for his buyers in his "FREE REPORTS" that help you.
A Prepayment penalty is a very important question that you should be asking when talking to your chosen lender. I have talked many buyers and many were not aware that you could get a fee for making additional payments on your mortgage loan principal in order to pay off the loan faster. Believe it that lenders impose a Prepayment penalty for paying the loan faster.
Be sure to ask your lender whether or not your loan will include a prepayment penalty. Find out how to avoid getting a prepayment penalty and guard yourself from paying this fee!
If you need more information or perhaps a suitable lender selection to help you obtain a mortgage, please contact me at: (302) 398-3757.
You may also wish to view the Delaware Homes I have available at: www.FreeHomeSearch.DreamStation.com