Quote:
Originally Posted by junebug7
We were just wanting to know if anyone has gotten a mortgage from Citizen's First to purchase their TV home and then paid it off early after receiving the proceeds from the sale of their home up north. Is there a pre-payment penalty to pay the loan off early? Any insight on this matter would be so helpful.
Thanks!
|
Hi Junebug7,
I do not know if a prepayment penalty is standard with Citizen's. I would hope not.
Please get together a list of all the mortgage questions you can think of and then get on the phone and shop that mortgage.
When I was very young and first starting into the world of home ownership, for some reason, a light bulb went off over my head one day and I thought, "Hey, I am the customer."
We have not bought yet in TV. And I have had no direct dealing with their bank. Their sales rep for houses though told a friend of mine that I was "extremely thorough."
I am always nice about it, but I ask lots of questions, especially when a chunk of change is involved.
Always ask questions until you are sure you completely understand exactly what you need to know. --
even if you do sometimes make salespeople run off into the sunset screaming and tearing their hair out.
Make sure you have your ducks all in a row. Some things were a little different about real estate deals in TV than what I was used to.
I wish you the best.
Boomer