Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about prepayment penalties: | |||||||||||||||||||||||
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 penalties 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 penalties Guide To Refinancing Your Mortgage Try Unsecured Loans! If The Word 'Secured' Doesnt Fit Your Financial Statement How Can You Avoid Mortgage Fraud? Tips for Choosing a Commercial Mortgage Mortgage Prepayment Penalties - Just Say No Getting The Best Deal On Personal Loans Simple Tips On Getting Your Loan Is Your Subprime Mortgage Lender a Predatory Lender Sub-Prime Mortgage Company - 4 Signs of a Predatory Sub-Prime Lender What To Consider Before Applying For A Loan
|
|
||||||||||||||||||||||
|