Such courses of action are normally only taken as a last resort. Refinance and cash out - The loan amount is determined by adding the balance of your loan with the amount of cash needed. Consolidate 1st and 2nd - The loan amount is determined by adding the balance of all mortgages against the subject property. A charge a borrower pays to a mortgage lender for paying off a mortgage loan in full or in part before the scheduled date. The prepayment penalty is usually enforced for the first 2-5 years depending on the program.
Property value is the best estimated value of the home.
The purchase price is the price the buyer and seller has agreed on for the amount the home is to be sold. Down payment means the amount of money you wish to put down towards the purchase of a home. The total of all your monthly Car payments. The total of all your monthly Credit Card payments. The total of all your monthly Student Loan payments.