Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about prepayment penalty: | |||||||||||||||||||||||
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 penalty 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 penalty Financing Houses Refinancing Costs - What to Expect Sub-Prime Mortgage Company - 4 Signs of a Predatory Sub-Prime Lender Car Loans - Shop Around, Compare Offers, and Watch The Small Print Tips on Apartment Building and Multi Family Property Loans Florida Refinance Mortgage Why Refinance Your Vehicle Loan? Refinance Home Loans with Bad Credit Knowing When to Refinance Credit Cards and Home Equity Loans Read the Fine Print A Quick Guide to Secured Loans
|
|
||||||||||||||||||||||
|