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In Reply to: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: To posted by Mislead by PFS on January 06, 2001 at 19:20:43:
: : : --Yea, if they pay it through the morgage acceleration program.
: : Nope, there is another time that the prepayment don't occur. Think real hard now. You should know this, after all you did so much business with primerica, Didn't you?
: --Yep you're right, I did do a lot of business with Primerica, but, I can't for the life of me remember any other times there isn't a pre-pay. Maybe be something they started since I left? Don't know. Did you forget to answer the next part or skip it on purpose?
I'll sanswer that question. if the client sells the house, takes that money and pays off the mortgage there is no prepayment penlty.
: : But, let's say they client gets transferred for work and has to sell the house and move. BANG! Prepayment penalty. But of course, since Primerica only does what's right for the client, that would be the correct thing to do for them, right?