Home  
Mortgage Calculators
Mortgage Types
State Mortgages
Questions & Answers
Mortgage Advice
Mortgage Glossary A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Other

Site Search:

Powered by:

 



Prepayment Penalty - Definition

A lender’s charge to the borrower for paying off the loan before the end of the term.