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Close Topic OptionsPrepayment Penalty
Prepayment Penalty - Politics, Business, Civil, History - Posted: 9th Jun, 2013 - 7:03pm
Posts: 3 - Views: 642
Post Date: 15th Jan, 2010 - 6:08pm / Post ID: #
Prepayment Penalty
Prepayment penalty
In Real Estate terminology how do you define what "Prepayment penalty" mean exactly?
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Penalty Prepayment
Even though you may think is crazy there is a penalty if you pay off your loan before it's due, that's what is called prepayment penalty.
International Level: Politics 101 / Political Participation: 0 
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Prepayment Penalty History & Civil Business Politics
Its not crazy from a money making standpoint. The longer you have a loan the more interest you pay and therefore more money for the bank to make. If you pay it off too quickly then you're essentially taking away money they could be making off your head!
International Level: Senior Politician / Political Participation: 174 17.4%
TOPIC: Prepayment Penalty