Скачать или смотреть What is a Closed Mortgage

With the majority of residential property mortgages being closed mortgages, it is important for homeowners to understand the distinct characteristics of closed mortgages (as opposed to open mortgages). The key trait that distinguishes closed mortgages are the prepayment charges that are imposed by the mortgage lender (banks, credit unions and other financial institutions) when the homeowner seeks to prepay, refinance or renegotiate their mortgage loan; however, the particulars of the mortgage arrangement and what is set out in the mortgage documents are crucial to determining the constraints of a given closed mortgage.
#mortgage #closedmortgage #realestatefinance