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Tina
Tina, Lawyer
Category: Real Estate Law
Satisfied Customers: 5436
Experience:  17 years of legal experience including real estate law.
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Can I challenge my mortgage (commercial R.E.) @ 61/4 %

Customer Question

can I challenge my mortgage (commercial R.E.) @ 61/4 % prepayment penalty amounting to full payment of remainder of 30 years interest figured at present value?
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  TJ, Esq. replied 1 year ago.
Hello and thank you for the opportunity to assist you. My name is ***** ***** I will do my very best to answer your legal questions. You certainly have the right to challenge the prepayment penalty, but you wouldn't win unless you have a valid legal argument. Are there additional relevant facts that you haven't yet shared?