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Is There a Penalty for Paying Off Your Mortgage Early?

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Marriage Kids and Money

Is there a penalty for paying off your mortgage early?

In short, it depends on your mortgage. In this video, we'll help you figure out the answer to this question you might encounter on your mortgage free journey.

CHAPTERS
0:00 Intro
1:02 What is a prepayment penalty?
3:26 How much do lenders charge for a prepayment penalty?
4:15 How to Find Out if Your Mortgage has a Prepayment Penalty
4:48 Does it make sense to pay off your mortgage early?
6:43 Steps to Pay Off Your Mortgage Early

#PrepaymentPenalty #MortgageFree #PaidOffHouse #DebtFreeCommunity #FamilyFinance #PersonalFinance

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MARRIAGE KIDS AND MONEY:

This awardwinning blog, podcast and YouTube channel are dedicated to helping young families build wealth and thrive.

Each week, Andy Hill interviews personal finance experts, shares the best fintech tools and even discusses his own journey with family financial independence.

BIO ANDY HILL:

Andy Hill is the awardwinning family finance coach behind Marriage Kids and Money a platform dedicated to helping young families build wealth and happiness.

Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of podcast downloads and video views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.

When he's not ""talking money"", Andy enjoys watching his kids play soccer, singing karaoke with his wife and watching Marvel movies.


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This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Information shared on this channel is for entertainment purposes only and should not be considered as professional advice.

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