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.
For many new mortgages, the lender cannot charge a prepayment penalty -- a charge for paying off your mortgage early. If your lender can charge a prepayment penalty, it can only do so for the first three years of your loan and the amount of the penalty is capped.