However, there is one thing you should watch out for. Though FHA loans don’t allow for prepayment penalties, you may be required to pay the full month’s interest in which you refinance or pay off your loan because the FHA requires full-month interest payoffs. In other words, if you ...
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Purpose :PurchaseRefinance no cash-outRefinance with cash-out Property :Single family homeCondominiumTownhome2 unit building3 unit building4 unit building5+ unit buildingCommercial buildingMixed-use buildingFarmLive-work spaceVacant lot (land)