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.
Not all mortgages come with them, and they are certainly not required. A prepayment penalty must be paid in order to refinance or sell the house before a certain period of time has elapsed, usually two to three years, although some loans can have them in effect for up to ten years. Also, some prepayment penalties will decline over time, but most donât.