Media Coverage
Credible Quotes Frederick Blum on Mortgage Prepayment Penalties
Credible’s article What Is a Prepayment Penalty on a Mortgage?, written by Lindsay Frankel and updated July 31, 2026, quotes Frederick Blum of San Diego-based Blum Realty Group on loan products that may carry prepayment penalties and the handling of extra principal payments.
Frederick’s Published Comments
“Some non-traditional, investor, and portfolio loan products carry prepayment penalties, and those can be steep,” says Frederick Blum, broker and owner at Blum Realty Group of the San Diego area.
“Loan servicing companies are not incentivized to facilitate early payoffs for the borrower, as once the loan is paid the income from that loan ceases,” says Blum.
“Importantly, I always advise borrowers to get confirmation from the loan servicer in writing that any extra payment will be applied purely to the principal loan balance.”
What Borrowers Should Confirm
Before signing or making an additional payment, review the executed loan documents, ask whether a prepayment penalty applies, and obtain the servicer’s principal-payment instructions in writing.
Explore home loan guidance, review the San Diego homebuyer process, learn more about Frederick Blum, or contact Frederick directly.
Credible’s coverage is editorial, not an endorsement. This page provides general information, not legal, tax, financial, or individualized mortgage advice.
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