The Octavian Realty Group Podcast

Avoid This Costly Mortgage Mistake: What You Don’t Know About Prepayment Penalties!

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Are you paying down your mortgage early, only to find there could be a hidden fee waiting to catch you off guard? In this episode, Rachel Sheller uncovers the truth about prepayment penalties—a little-known mortgage term that could impact your finances if you’re planning to refinance, sell your home, or pay off your loan ahead of schedule.

Learn:

  • What a prepayment penalty is and why lenders include them.
  • Why these penalties are less common today but still worth checking for.
  • Smart tips to protect yourself by asking the right questions and reading your loan terms carefully.

    • Whether you’re a first-time buyer or a seasoned homeowner, understanding this potential pitfall can save you money and stress.

    #MortgageMagic #HomeBuyingHacks #PrepaymentPerils #NoPenaltyPlease #RealEstateRealTalk #RachelSells #SavvyBuyer #OctavianGroup #ItsAGoodLife #MoneyMoves

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    The Octavian Realty Group PodcastBy Rachel Sheller