Paying 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.

A charge to the borrower if the mortgage is paid off before required.

An extra payment due the lender if the mortgage is repaid ahead of schedule. Due to recent mortgage reforms, prepayment penalties have been largely disallowed.

Most 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 [..]

A 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 [..]

A fee that may be charged to a borrower who pays off a loan before it is due.

Fee charged by the lender when a borrower repays the loan early.

A fee that may be charged to a borrower who pays off a loan before it is due.

is 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 [..]

a fee charged to a homeowner who pays one or more monthly payments before the due date. It can also apply to principal reduction payments.

A prepayment penalty is a fee charged for early payoff of a loan. No federal or private education loans charge prepayment penalties.

A 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 [..]

A 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.

A 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 [..]

a 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 [..]

provision in some loans that charge a fee to a borrower who pays off a loan before it is due.

Money charged for an early repayment of debt in order to compensate the lender for loss of anticipated interest. Learn more...

A 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 [..]

A penalty or fee charged for payment of the loan amount before the due date.  

Prepayment 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 [..]

Money charged for an early repayment of debt.

A 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.

A fee paid to the mortgagee for paying the mortgage before it becomes due. Also known as prepayment fee or reinvestment fee.

A 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.

Loans containing prepayment penalty clauses allow a lender to collect extra money from the home owner if the loan is prepaid above a certain percentage.

A fee that may be charged to a borrower who pays off a loan before it is due.

On a loan without a prepayment clause, the fee a borrower pays for repaying the loan before it is due.

Money 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.

n. comisión de (or intereses por) cancelación anticipada

Money 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.

An 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.

A 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.

A 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 [..]

A charge paid to the lender by the borrower if a mortgage loan is repaid before its term is over.

A fee that may be charged to a borrower who pays off a loan before it is due.

A fee that may be charged to a borrower who pays off a loan before it is due.

The 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.

A 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.

Money charged for an early repayment of debt. Prepayment penalties are legal in some form in 36 states and the District of Columbia.

A fee a borrower pays a lender when the borrower repays a loan before its scheduled time of maturity.