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PREPAYMENT PENALTYPaying off a reverse mortgage early (that is, before the borrower permanently vacates the property). Under the HECM program, there is no penalty for paying all, or a portion, of the loan prematurely.
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PREPAYMENT PENALTYA charge to the borrower if the mortgage is paid off before required.
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PREPAYMENT PENALTYAn extra payment due the lender if the mortgage is repaid ahead of schedule. Due to recent mortgage reforms, prepayment penalties have been largely disallowed.
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PREPAYMENT PENALTYMost lenders allow you to prepay the outstanding balance of a loan at any time without a fee, but some lenders charge a prepayment penalty, often about 2% of the amount you borrowed. If your loan agreement doesn’t have a prepayment clause, which excludes a fee for early termination, the penalty may apply. Many states prohibit prepayment fees, and t [..]
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PREPAYMENT PENALTYA fee imposed on a borrower who pays off a loan (usually a mortgage) before its due date. Lenders impose this kind of fee to encourage borrowers to hold a debt -- and keep paying interest on it -- for [..]
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PREPAYMENT PENALTYA fee that may be charged to a borrower who pays off a loan before it is due.
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PREPAYMENT PENALTYFee charged by the lender when a borrower repays the loan early.
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PREPAYMENT PENALTYA fee that may be charged to a borrower who pays off a loan before it is due.
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PREPAYMENT PENALTYis a term usually used to describe the early payment of a loan or mortgage, but can also be used to refer to any form of prepaid credit, such as prepaid credit cards or things like travelers checks. W [..]
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PREPAYMENT PENALTYa fee charged to a homeowner who pays one or more monthly payments before the due date. It can also apply to principal reduction payments.
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PREPAYMENT PENALTYA prepayment penalty is a fee charged for early payoff of a loan. No federal or private education loans charge prepayment penalties.
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PREPAYMENT PENALTYA penalty imposed on a borrower for repaying the loan before its due date. (In the case of a mortgage, this applies when there is not a prepayment clause in the mortgage note to offset the penalty). S [..]
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PREPAYMENT PENALTYA fee charged to you by the lender for making a prepayment greater than the amount allowed in your mortgage agreement, or for paying off a closed mortgage before the end of the term.
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PREPAYMENT PENALTYA charge imposed by the lender if the borrower pays off the loan early. The charge is usually expressed as a percent of the loan balance at the time of prepayment, or a specified number of months [..]
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PREPAYMENT PENALTYa clause in a loan contract stating a penalty will be assessed if the debt is prepaid within a certain time period. It is based on a percentage of the remaining loan balance or a certain months’ worth [..]
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PREPAYMENT PENALTYprovision in some loans that charge a fee to a borrower who pays off a loan before it is due.
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PREPAYMENT PENALTYMoney charged for an early repayment of debt in order to compensate the lender for loss of anticipated interest. Learn more...
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PREPAYMENT PENALTYA penalty sometimes charged to a borrower who makes a prepayment. The three most common forms of prepayment penalty are "yield maintenance," "defeasance," and "declining perce [..]
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PREPAYMENT PENALTYA penalty or fee charged for payment of the loan amount before the due date. Â
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PREPAYMENT PENALTYPrepayment penalty is a charge assessed against a borrower who elects to pay off a loan before it is due. It is a fee that a lender may assess if a borrower repays a loan before the scheduled maturity [..]
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PREPAYMENT PENALTYMoney charged for an early repayment of debt.
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PREPAYMENT PENALTYA fee that a lender charges you, the borrower, if you pay off your loan before the end of its scheduled term. Prepayment penalties are not charged by most standard lenders. If you are a subprime borrower, you should review the terms of your loan offer carefully to see if this fee is included.
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PREPAYMENT PENALTYA fee paid to the mortgagee for paying the mortgage before it becomes due. Also known as prepayment fee or reinvestment fee.
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PREPAYMENT PENALTYA prepayment penalty is a fee charged if a borrower makes a full or partial prepayment on the debt. There are no prepayment penalties on federal and private student loans.
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PREPAYMENT PENALTYLoans containing prepayment penalty clauses allow a lender to collect extra money from the home owner if the loan is prepaid above a certain percentage.
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PREPAYMENT PENALTYA fee that may be charged to a borrower who pays off a loan before it is due.
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PREPAYMENT PENALTYOn a loan without a prepayment clause, the fee a borrower pays for repaying the loan before it is due.
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PREPAYMENT PENALTYMoney charged for an early repayment of debt. Prepayment penalties are allowed in some form (but not necessarily imposed) in 36 states and the District of Columbia.
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PREPAYMENT PENALTYn. comisión de (or intereses por) cancelación anticipada
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PREPAYMENT PENALTYMoney charged for an early repayment of debt. Prepayment penalties are allowed in some form (but not necessarily imposed) in 36 states and the District of Columbia.
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PREPAYMENT PENALTYAn amount charged by a lender when you make a prepayment to pay the loan in full before the final term. Not all loan programs have a prepayment penalty.
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PREPAYMENT PENALTYA fee charged by financial institutions for early payment of loan in full. The fee charged is usually based on a percentage of the loan amount or "X" months of interest.
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PREPAYMENT PENALTYA charge imposed by a mortgage lender on a borrower who wants to pay off part or all of a mortgage loan in advance of schedule. Many borrowers elect to not have a prepayment penalty if they intend to [..]
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PREPAYMENT PENALTYA charge paid to the lender by the borrower if a mortgage loan is repaid before its term is over.
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PREPAYMENT PENALTYA fee that may be charged to a borrower who pays off a loan before it is due.
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PREPAYMENT PENALTYA fee that may be charged to a borrower who pays off a loan before it is due.
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PREPAYMENT PENALTYThe sum of money (usually equal to an amount of interest) a mortgagee may require from a mortgagor to repay all or part of any outstanding principal.
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PREPAYMENT PENALTYA fee that may be charged to a borrower who pays off a loan before it is due. Generally, a prepayment penalty is added to a loan in exchange for a discounted rate.
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PREPAYMENT PENALTYMoney charged for an early repayment of debt. Prepayment penalties are legal in some form in 36 states and the District of Columbia.
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PREPAYMENT PENALTYA fee a borrower pays a lender when the borrower repays a loan before its scheduled time of maturity.
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