[John.Galt2012]

My first mortgage had a pre-payment penalty buried deep into it (hidden, btw, on purpose IMO). Boy, that was a good lesson for a 20 something year old getting his feet wet for the first time. Never repeated that mistake.

Just curious...was that mortgage through a private individual?

[wireplay]

Just curious...was that mortgage through a private individual?

No, through a mortgage company and we had to sign almost a foot of paper. We were young, in our first property, and didn't catch it. They also buried it tight which led me to believe it was purposeful. Bottom-line, we took a loss on property #1 because we sold in under 5 years. Not a big loss, but a loss. Our mistake BTW, I blame no one else, but we read everything now before closing.