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2. Prepaying your mortgage: What is it and should I do it? - AOL

   www.aol.com/finance/prepaying-mortgage-152800578...

   Payment method. Pay off loan in … Total interest. Total interest saved. Minimum every month. 30 years. $644,600. $0. 13 payments a year* 22 years, 11 months

3. Prepayment of loan - Wikipedia

   en.wikipedia.org/wiki/Prepayment_of_loan

   Prepayment speeds can be expressed in SMM (single monthly mortality), CPR (conditional prepayment rate, which is the annually compounded SMM), or PSA (percentage of the Public Securities Association prepayment model). For mortgages at least 30 months old, 100% PSA = 6.0% CPR = 0.51% SMM, equivalent to the full prepayment of 6% of a pool's ...

4. Residential mortgage-backed security - Wikipedia

   en.wikipedia.org/wiki/Residential_mortgage...

   The entity issued 19 tranches of mortgage-backed bonds worth $947 million. Since Citigroup and other firms focused on achieving high ratings, the (four) senior ranches rated triple A made up 78% or $737 million of the deal. Eleven tranches were "mezzanine" – three rated AA, three A, three BBB and two BB (junk).

5. PSA prepayment model - Wikipedia

   en.wikipedia.org/wiki/PSA_prepayment_model

   The PSA prepayment model is a prepayment scale developed by the Public Securities Association in 1985 for analyzing American mortgage-backed securities. The PSA model assumes increasing prepayment rates for the first 30 months after mortgage origination and a constant prepayment rate thereafter. [ 1 ]

6. What is a prepayment penalty? - AOL

   www.aol.com/finance/prepayment-penalty-165152113...

   “The penalty is always disclosed with your mortgage rate quote when you shop around for a loan,” says Anna DeSimone, New York City-based personal finance expert and author of “Housing ...

7. How to get preapproved for a mortgage - AOL

   www.aol.com/finance/preapproved-mortgage...

   In general, lenders like to see a mortgage payment taking up no more than 28 percent of your gross monthly income and your total debt payments (which include credit cards, car loans and other ...