Sentences with phrase «include early repayment penalties»
In fact, VA loans usually carry lower interest rates than conventional mortgages, don't require private mortgage insurance, and don't include early repayment penalties, among their other advantages.
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More specifically, FHA products do not include restrictive prepayment penalties which result in huge fees for early repayment.
Keep in mind that if you use your RRSP to invest in your own mortgage, your repayments are restricted under the terms of the mortgage, including being liable for early pre-payment penalties.