Is there a penalty if I decide to refinance my CalVet loan with another lender later on?
CalVet Home Loans do not have a prepayment penalty. You can pay off you loan at any time. The escrow holder handling your new loan can request a payoff from us. Since your fire and hazard insurance and disaster insurance are tied to your loan make sure you have arranged for replacement coverage before you pay us off.
CalVet Home Loans do not have a prepayment penalty. You can pay off your loan at any time. The escrow holder handling your new loan can request a payoff from us. Since your fire and hazard insurance and disaster insurance are tied to your loan make sure you have arranged for replacement coverage before you pay us off.
Related Questions
- I was told that if the debtor pays off the loan and later reborrows from the same lender, using the same collateral, a new financing statement needs to be filed. Is this true?
- Is there a penalty if I decide to refinance my CalVet loan with another lender later on?
- How Does the Lender/Investor Decide the Maximum Loan Amount That I Can Afford?
