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If I pay....

  • Thread starter Thread starter unapathetic
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U

unapathetic

Guest
What is the name of your state? Michigan

If I pay a prepayment penalty so I don't lose the refi, can I then go back after it if I find out for sure they weren't entitled to the amount?
 


M

MortgageGuru

Member
If you signed the pre-payment penalty note rider when you closed on your loan then you will have that penalty until it expires. Why do you think you don't have to pay it?
 
U

unapathetic

Guest
because our state has a cap of 1% and this is a state licensed lender.
 
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