Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about pre payment penalty: | |||||||||||||||||||||||
Tutorial on Selecting Mortgage Features
Planning to shop for a mortgage on-line? You need to answer the following questions first, so you know exactly what you are shopping for. 1. What Type of Mortgage Should I Select? 2. Which Mortgage Options Should I Select? 3. How Long a Term Should I Take? 4. ... 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... |
|||||||||||||||||||||||
pre payment penalty related definitions |
|||||||||||||||||||||||
Negative Amortization
Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more... 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... |
|||||||||||||||||||||||
More about pre payment penalty When Your Bills Are Piling Up Here Are 6 Different Ways to Consolidate Bad Credit Auto Financing - 3 Ways To Get Approved More Easily Buying a New Home - How to Get Pre-qualified for a Home Loan Easing Your Way Into Homeownership: A Guide To Low Down Payment Mortgage Programs Free And Easy Home Loan Tips! Credit Repair: How To Deal With Your Creditors PayDay Cash Advance Loans - The Benefits of Using the Payment Protection Plan Seven Steps for a New Home Loan Purchase Plan Your Budget Before Investing on a Property Credit Card Company Tricks
|
|
||||||||||||||||||||||
|