Posts Tagged ‘tax-deductible mortgage interest pre-payment penalty’

Pre-payment Penalty to Refinance   Question: We refinanced the original loan on our Prescott home to get some extra cash. The documents we signed for the original loan required a 10% pre-payment penalty if we paid off the original loan early. The original loan was $180,000, so when we refinanced we paid the $18,000 pre-payment penalty.…