![]() ![]() ![]() ![]() ![]() ![]() |
||
| 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 Student Loan Debt Consolidation Students Cannot Afford to Lose Sleep over Debts 14 Common Credit Mistakes Reverse Mortgage Maximization Home Sellers Warning for Young Families What is a Reverse Mortgage? The Bad Credit Mortgage Company How To Avoid Predatory Mortgage Lending Companies Consolidate Your Government Student Loans Government Student Loan Consolidation How To Get The Best Secured Loan In UK? 6 Things to Consider Before Refinancing
|
|
||||||||||||||||||||||
|
|||||||||||||||||||||||