I've often said that if given the option of getting a home loan or having gum surgery, most people would opt for the dentist's chair,'' said Ken Lindberg, a partner in Tacoma's Lenders Mortgage Service. But seriously, folks, there are several points to remember about the return of prepayment penalties. The most basic point is that borrowers are supposed to get an early warning about whether their loan includes prepayment penalties. Unfortunately, Lindberg says too many borrowers don't read the fine print in their loan papers. It's important to recognize the common forms that prepayment penalties take.
Some lenders penalize borrowers if they refinance, but waive it if the property is sold.
Here are a few tips on saving money on your next grocery bill. People who make up their shopping list as they go along tend to spend more. Use coupons you can carry with you when you shop. Then treat yourself with the savings, or save the savings. The Mercury News.