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 Car Loans - Shop Around, Compare Offers, and Watch The Small Print Ten Minute Mortgage Makeover Tips on Apartment Building and Multi Family Property Loans Florida Refinance Mortgage Subprime Mortgages How Large of a Down Payment Do You Need? When to Refinance Your Mortgage Bad Credit Mortgage Lenders - Finding an Online Lender How to Shop for the Best Mortgage Loan Why Refinance Your Vehicle Loan? Mortgage Loan What are No Doc Loans?
|
|
||||||||||||||||||||||
|