not, there was one thing you should be cautious about. Though FHA financing don’t allow to own prepayment punishment, you might be needed to afford the complete month’s demand for you refinance or pay-off the loan due to the fact FHA needs full-few days interest payoffs.
To phrase it differently, for folks who refinance the FHA loan towards January tenth, you might have to spend notice for the remaining 21 months, even if the mortgage is actually theoretically “repaid.”