Prepayment Sentence Examples
Adding in prepayment data can adjust the rates significantly.
Consider how competition to supply customers using prepayment meters might be strengthened.
If Fairbanks imposed a prepayment penalty in violation of contract or law.
People who paid an improper prepayment penalty were also eligible to get a refund of a portion of the amount of the prepayment penalty.
Look for a lender that doesn't charge application fees, origination fees, or prepayment penalties.Advertisement
Tracker rate mortgages may include a costly prepayment penalty if paid off prior to the amortized term.
Don't forget about prepayment penalties.
Some lenders put prepayment penalties into their loans as a way to make a profit even if the borrower refinances.
Read the fine print of your current mortgage to determine if there is a prepayment penalty and how much it is, as that information will affect the ultimate cost of refinancing.
Otherwise, you can always take a 30 year mortgage and pay it off early if you want, but just make sure there are no prepayment penalties.Advertisement
Check first with your lender to make sure you will not wind up paying any prepayment penalties, which might cancel out any benefit of an extra payment due to fees.
Seek lenders that have no prepayment penalty.
One reason is that some mortgages have prepayment penalties attached.