Prepayment Penalty
Typical of a mortgage or auto loan, a fee that some lenders will charge if a borrower pays off their loan too quickly, based on the terms of the loan agreement, as a method for lenders to collect lost interest.
Related Products
Who We Are
Support
Copyright © 2024 ML Enterprise Inc
ML Enterprise Inc. (formerly Even Financial Inc.) NMLS# 1475872 /
This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.
local.unknown-build.local