What is the difference between amplitude and frequency? A megahertz is used to measure the speed of transmission in electronic devices such as computers, clocks and other equipment. This measurement can also be expressed in gigahertz, or GHz, which is equal to 1 billion cycles per second.
Prepaying your mortgage â which simply means that you pay all or part of the money owed on your mortgage before itâs officially due â offers an alluring proposition: By paying what you owe early, you can cut down the amount of interest you owe to the lender, which can save you thousands of dollars in the long term.
A soft prepayment penalty allows a borrower to sell their home at anytime without penalty, but if they choose to refinance the mortgage, they will be subject to the prepayment penalty. A hard prepayment penalty, on the other hand, sticks the borrower with a penalty if they sell their home OR refinance their mortgage. Obviously this is the tougher of the two, and basically gives a borrower no option of jumping ship if they need to sell their home quickly after obtaining a mortgage.