An option other than another mortgage lender is the attorney or title company involved. They should review the paperwork with you including whether there is a prepay penalty. In general, there are very few loans or lenders available these days that would have a "gotcha" in them and there are strict requirements for disclosures. Your best defense is to work with a reputable lender, read the basic disclosures they provide (good faith and Truth in Lending) and ask questions until you are satisfied.Nov 9th 2012
Didn't find the answer you wanted? Ask one of your own.
Ask our community a question.