With much higher than anticipated default rates many banks who previously underwrote & originated payment option mortgage loans are now seeking to have them off their books. Several have waived their pre-payment penalties as incentive for their customers to refiance.

Use this link to see if your lender is among them and call me to help explain your options to you.

Lenders waive existing prepay penalties on Payment Option Loan Program

Loan Modification Explained

www.GregZaccagni.com & www.MortgageAdvisor.info

Related Articles:

Payment Option Below Market Mortgage Rates Explained

Who would have thought the majority of suprime loans were to upper income non-minorities!

Mortgage Prepay Penalties can be Hard or Soft

 
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Illinois Mortgage Lender Greg Zaccagni

Wheaton, IL

More about me…

www.MortgageAdvisor.info

Address: Dupage, Kane, Cook County etc.., Wheaton, IL, 60187

Office Phone: (630) 818-6856

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