Are there any penalties for paying off my home loan early?
Asked a year ago
No, there are no prepayment penalties for paying off your home loan early with Bank of America Home Loan Servicing. We believe in giving you the flexibility to manage your mortgage on your own terms. Whether you choose to pay off your loan sooner or make extra payments, there will be no additional fees or penalties. By paying off your loan early, you can save on interest and potentially increase your financial freedom. We encourage you to explore your options and consider the benefits of paying off your home loan ahead of schedule. Please feel free to contact our customer service team for any further assistance or guidance.
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