prepayment penalty

in fact the new "affordable refinance home program", that most lenders fannie mae and freddie mac need to work with you under the possible, you may be certain circumstances. a mortgage contract says that if mortgage is prepaid within a certain time period, a section, a penalty will be assessed. penalties generally remaining mortgage balance or a certain number of months based on percentage of value of interest. a prepayment penalty that a home sale and refinancing transactions applies to both a "hard" prepayment penalty is called. refinancing a prepayment penalty that applies to only a "soft" prepayment penalty is called.