hi SD R, We appreciate your comments. Now I’m more concerned about the refinance after COE. If you could let us know about other lenders if they will immediately refinance a new home purchase in a month or a few months after the COE, it’ll highly appreciated. Builder’s mortgage broker told us there is no prepayment, no fee if we refinance or sell or make additional payment. The rate is rather high > 7.5% for 30 year fixed jumbo loan.
Anyway, we’ll double check with the builder’s broker about the soft prepayment penalty. Are there special clauses in the loan documents that we need to watch out for the soft prepayment penalty?