Mortgage Prepayment

What is prepayment?

Prepayment is when your mortgage is paid in full before the due date. If you’ve been thinking of refinancing your mortgage, it’s important to see if any prepayment penalties exist on your current mortgage.

If you do have a prepayment penalty in your current mortgage, that doesn’t necessarily mean refinancing is the wrong choice for you. Depending on the type of loan you may qualify for, your credit score, or current interest rates, you may still be able to lower your monthly payment—even with the prepayment penalty factored in.

If you’ve been thinking about refinancing, give us a call today. We can evaluate your current situation and help you make the decision that makes the most sense for you.

About

Our Personal Bankers and lending professionals provide financial solutions and take pride in making each and every Goldwater Bank experience a pleasurable one. We put the needs of our customer first, and depend on our collective knowledge base to provide a uniquely collaborative banking and lending experience. Our online & mobile platforms provide an unprecedented level of flexibility that we feel is the standard of our customer's modern expectations. With our mobile-centric solutions, you can ...

 

Contact Us

Weststar Mortgage Corporation - NMLS: 452955
Phone: (800) 375-4719
Email: marketing@goldwaterbank.net

 

All rates and programs subject to change without notice. An equal housing lender.