http://24hourmortgageinfo.com/fixed-rate-mortgage/is-there-anyway-to-avoid-paying-the-fine-for-breaking-fixed-rate-period-on-mortgage Mortgage Information When You Need It 24 Hours A Day Sat, 29 Nov 2008 14:54:59 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://24hourmortgageinfo.com/fixed-rate-mortgage/is-there-anyway-to-avoid-paying-the-fine-for-breaking-fixed-rate-period-on-mortgage/comment-page-1#comment-2010 jaws21 Sat, 18 Oct 2008 02:50:59 +0000 http://24hourmortgageinfo.com/fixed-rate-mortgage/is-there-anyway-to-avoid-paying-the-fine-for-breaking-fixed-rate-period-on-mortgage#comment-2010 Maria, unfortunately no because you signed and agree upon the terms of the loan, the only way that you could have a chance at avoiding this fee, is if you were actually on default(about to foreclose or go bankrupt) then you can talk to the loss mitigation department and rather than loosing more money the lender will be forced to forget the prepay in hopes of selling your property and getting back their money. Now if the lender made mistakes in your loan, or lets say you feel like you were taken advantage at the last minute, example you did not know you had a prepayment penalty and your rate was adjustable until the last minute when you signed, then you can file a complaint against the lender, which is what lots of people are doing lately and they have actually been compensated. But that is a long shot and you will need to seek the expert opinion of a real estate attorney. Good Luck.<br><b>References : </b><br>Financial Consultant 6 years. Maria, unfortunately no because you signed and agree upon the terms of the loan, the only way that you could have a chance at avoiding this fee, is if you were actually on default(about to foreclose or go bankrupt) then you can talk to the loss mitigation department and rather than loosing more money the lender will be forced to forget the prepay in hopes of selling your property and getting back their money.
Now if the lender made mistakes in your loan, or lets say you feel like you were taken advantage at the last minute, example you did not know you had a prepayment penalty and your rate was adjustable until the last minute when you signed, then you can file a complaint against the lender, which is what lots of people are doing lately and they have actually been compensated. But that is a long shot and you will need to seek the expert opinion of a real estate attorney.
Good Luck.
References :
Financial Consultant 6 years.

]]> http://24hourmortgageinfo.com/fixed-rate-mortgage/is-there-anyway-to-avoid-paying-the-fine-for-breaking-fixed-rate-period-on-mortgage/comment-page-1#comment-2009 origamimark Sat, 18 Oct 2008 02:29:59 +0000 http://24hourmortgageinfo.com/fixed-rate-mortgage/is-there-anyway-to-avoid-paying-the-fine-for-breaking-fixed-rate-period-on-mortgage#comment-2009 I doubt you will be able to do this without paying more.<br><b>References : </b><br> I doubt you will be able to do this without paying more.
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