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    repayment penalties are more the rule than the exception. Most subpime loans that are in the form of a 2/28 ARM h
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    A prepayment penalty is a fee charged by a lender if you refinance or otherwise pay off your mortgage by selling your home. There are two types of prepayment penalties: “soft” prepayment penalties where you are only charged if you refinance your loan and “hard” prepayment penalties where you will be charged a fee if you refinance or sell your home.

    Prepayment Penalties Are Common With Subprime Mortgage Loans

    In most subprime loans, prepayment penalties are more the rule than the exception. Most subpime loans that are in the form of a 2/28 ARM ha

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    our home. There are two types of prepayment penalties: “soft” prepayment penalties where you are only charged if you refinance your loan and “hard” prepayment penalties where you will be charged a fee if you refinance or sell your home.

    Prepayment Penalties Are Common With Subprime Mortgage Loans

    In most subprime loans, prepayment penalties are more the rule than the exception. Most subpime loans that are in the form of a 2/28 ARM h

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    you refinance your loan and “hard” prepayment penalties where you will be charged a fee if you refinance or sell your home.

    Prepayment Penalties Are Common With Subprime Mortgage Loans

    In most subprime loans, prepayment penalties are more the rule than the exception. Most subpime loans that are in the form of a 2/28 ARM h

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    Prepayment Penalties Are Common With Subprime Mortgage Loans

    In most subprime loans, prepayment penalties are more the rule than the exception. Most subpime loans that are in the form of a 2/28 ARM h

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    repayment penalties are more the rule than the exception. Most subpime loans that are in the form of a 2/28 ARM have a standard two year hard prepayment penalty and 3/27, 5/25 ARMS and 30 year fixed loans typically carry a three year prepay. When you are quoted a rate from a subprime lender, you can pretty much assume that the rate quoted is with a prepay penalty unless you are told otherwise.

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