Think of this regular scenario: An enthusiastic African-American family unit members becomes an excellent subprime mortgage to own $150,000 which have an effective 12% interest rate
Think of this regular scenario: An enthusiastic African-American family unit members becomes an excellent subprime mortgage to own $150,000 which have an effective 12% interest rate New Penalty for Improved Credit But not, if loved ones tries to re-finance, they see the current mortgage boasts a hefty prepayment penalty — including to help you 5%…