However, there can be some thing you need to be cautious about. No matter if FHA loans don’t let to own prepayment punishment, you may be needed to pay the complete month’s demand for that you refinance otherwise pay off the loan due to the fact FHA needs full-few days interest payoffs.
Put simply, for individuals who refinance your own FHA mortgage for the January tenth, you might have to spend attract with the leftover 21 days, even if the mortgage are technically paid. Read more