A penalty sometimes charged to a borrower who makes a prepayment.
Related information about prepayment penalty:
- Mortgage Prepayment Penalties - Mortgage Professor
Oct 12, 2001 ... A prepayment penalty is a provision of your contract with the lender that ... A Prepayment Penalty May Lower the Interest Rate on a Prime Loan ...
- Prepayment Penalty Definition | Investopedia
A clause in a mortgage contract that says if the mortgage is prepaid within a certain time period, a penalty will be assessed. The penalty is usually based on ...
- Prepayment penalty | The Truth About Mortgage.com
Many lenders impose prepayment penalties on home loans to prevent homeowners from flipping properties.
- Prepayment of loan - Wikipedia, the free encyclopedia
To compensate for the prepayment risk (which is a reinvestment risk), a prepayment penalty clause is often included into the loan contract. There are often soft ...
- 6 steps to a lower prepayment penalty
It's not easy to waive a prepayment penalty, but this strategy could help reduce the costly sting. Get more information about mortgages at Bankrate.com today!
- Borrower Information Guide Prepayment Penalty ... - Freddie Mac
A Prepayment Penalty Mortgage (PPM) requires a borrower to pay a fee if the borrower pays back the entire loan amount or a portion of it before the end of the ...
- Understanding a Mortgage Prepayment Penalty - My Money ...
Aug 4, 2011 ... This confusing term sounds like a bad thing, but it's often a good one.
- Prepayment Penalty - Financial Dictionary - The Free Dictionary
Definition of prepayment penalty in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is prepayment penalty? Meaning of ...