← All articles

#prepayment-penalty-clause

1 article

Most U.S. Mortgages Have No Prepayment Penalty — Run a Break-Even First

Most U.S. Mortgages Have No Prepayment Penalty — Run a Break-Even First

Most U.S. mortgages today lack a prepayment penalty. Learn federal caps (2% then 1% until year three), state limits, and how to run the break-even to decide.