Make your mortgage prepayments correctly to avoid `never-never land'

Perrone, Ellen
July 1994
Indianapolis Business Journal;7/25/94, Vol. 15 Issue 17, Residential Real Estate p10B
Warns borrowers to follow guidelines to make sure mortgage prepayments save them as much interest as they intend. Need to explicitly state where to apply the prepayment; 1968 federal banking law which allows borrowers to prepay on mortgage loans without penalty.


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