![]() ![]() ![]() ![]() ![]() ![]() |
||
| Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|
|||||||||||||||||||||||
| Mortgage Professor about prepayment: | |||||||||||||||||||||||
|
Mortgage Prepayment Penalties
October 12, 2001, Revised November 17, 2004 What Is a Mortgage Prepayment Penalty? A prepayment penalty is a provision of your contract with the lender that states that in the event you pay off the loan entirely, you will pay a penalty. Penalties are usually expressed as a ... more... Penalties For Early Payment October 12, 2001, Revised November 17, 2004 What Is a Mortgage Prepayment Penalty? A prepayment penalty is a provision of your contract with the lender that states that in the event you pay off the loan entirely, you will pay a penalty. Penalties are usually expressed as a ... more... |
|||||||||||||||||||||||
prepayment related definitions |
|||||||||||||||||||||||
|
Prepayment Penalty
Prepayment Penalty Money charged for an early repayment of debt. Prepayment penalties are allowed in some form (but not necessarily imposed) in many states. Prepayment Penalty makes refinancing less beneficial within a set time period, usually 3 or 5 years. Loans with ... more... Prepayment Prepayment Full or partial payment of the principal before the due date. This might occur if the borrower makes extra payments, sells the property, or refinances the existing loan. ... more... |
|||||||||||||||||||||||
|
More about prepayment What is the 1% or 1250% Mortgage Interest Rate All About? Mortgage Loan Basics: Interest Only Loans, Pay Option ARM A Qualified Mortgage Consultant Can Help Boost Credit Scores How Can A Qualified Mortgage Consultant Help Boost Your Credit Scores? Adverse Credit Remortgage: Refinance at Better Terms Try Unsecured Loans! If The Word 'Secured' Doesnt Fit Your Financial Statement How Can You Avoid Mortgage Fraud? How To Get A Low Cost Secured Loan? Tips for Choosing a Commercial Mortgage Home Loans- a Fillip to Your Desire to Rise on Property Ladder
|
|
||||||||||||||||||||||
|
|||||||||||||||||||||||