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Lenders waive existing prepay penalties on Payment Option Loan Programs

Do you have a payment option loan with a prepay penalty that is interfering with your ability to refinance out of this high risk loan type. The following lenders have waived their prepay penalties on their payment option loans in an effort to help reduce the number of loan defaults they are incurring.

Bank United

Waucovia/World Savings

IndyMac

Washington Mutual.

If your lender isn't already on this list call me and I'll check into it for you.

www.GregZaccagni.com & www.MortgageAdvisor.info

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Posted by Illinois Mortgage Lender Greg Zaccagni on 08/11/2008 08:54 PM

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