First, check to see if your lender charges a prepayment penalty (generally 1-6 months of interest payments).

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That's why the prepayment penalty has become the focus, and trying to get people out from under the prepayment penalty so they can refinance is the key to saving some of them -obviously, not all of them.

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However, fewer people - if you ask the average person what their interest rate is, how that interest, you know, behaves, you know, if it's going to adjust, if there's a prepayment penalty, most people will not know.

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