There’s a proposal being discussed that could change conventional mortgages. The idea Allow prepayment penalties on conventional loans. What that means If you refinance or sell your home early, you could pay a fee for paying off your mortgage. Why it matters Right now, most conventional home loans allow refinancing with no penalty. That flexibility is huge when interest rates change. The argument Supporters say prepayment penalties could lead to lower mortgage rates upfront. The risk Less flexib
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Become a professional in the financial industry in just 20-weeks! From working as a community banker to mortgages and loans, you will learn the skills needed to earn your S.I.E credential and prepare you for work. Receive career support and meet employers–all at no cost to you! Learn more and apply at https://bit.ly/4q4TPuy | Summit Academy OIC
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🎙️Thank you so much to Darren Copeland of Summit Lending for stopping by the AIME Podcast Network Booth at Fuse to drop some knowledge on the community, and have a little fun along the way! 👀 See more videos and subscribe below: YouTube - https://aimegroup.co/APNYouTube Apple - https://aimegroup.co/APNApple Spotify - https://aimegroup.co/APNSpotify | AIME Association of Independent Mortgage Experts
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