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Prepayment Penalty Clause

 Feb    Decline   


General search term.
Might be referring to: a prepayment penalty clause states that a penalty will be assessed if the borrower significantly pays down or pays off the mortgage, usually within the first five years of the loan.Dec 11, 2020.
This is a seasonal trend that repeats every February.
This trend is forecasted to be growing in the next 2 years.

  

Track this trend
(Monitor this trend over time)
 12 Months
Trend: growing
MOM change: 0.09%
 5 Years
Trend: declining
MOM change: -0.3%

Latest forum discussions

We tracked 7 total in the last 3 months

Forget about fixed, always get a variable rate. Historically it turned out to be better, plus you get a much better prepayment penalty clause (no IRD based penalty garbage). You may also get cheaper rates from banks that do not deal with brokers, so at least ask around people who recently got mortgage.
Published on 2021-02-01 in the Real Estate forum
This discussion is in English.
... it true? It says no prepayment penalty on the mortgage statement but..., that LenderFi has a clawback clause if refi in less than...
Published on 2021-02-13 in the Personal Finance (Not Investing) forum
This discussion is in English.
... it true? It says no prepayment penalty on the mortgage statement but..., that LenderFi has a clawback clause if refi in less than...
Published on 2021-02-13 in the Personal Finance (Not Investing) forum
This discussion is in English.
... which shouldn’t have a penalty associated to it. After refinance... little clause in to the renewal because they likely caught wind of this: "Prepayment of...only with payment of the prepayment charge that would have been ...Mortgage Renewal Effective Date, the prepayment charges as set out herein ... CMLS Financial and not a penalty." Soooo...no go. They'd ...make me pay the penalty if I break/transfer the ...
Published in 'Berta on 2021-03-11 in the Real Estate forum
This discussion is in English.
... which shouldn’t have a penalty associated to it. After refinance... little clause in to the renewal because they likely caught wind of this: "Prepayment of...only with payment of the prepayment charge that would have been ...Mortgage Renewal Effective Date, the prepayment charges as set out herein ... CMLS Financial and not a penalty." Soooo...no go. They'd ...make me pay the penalty if I break/transfer the ...
Published in 'Berta on 2021-03-11 in the Real Estate forum
This discussion is in English.
... "Company Call Option and Prepayment Rights" to prevent the note... we have exercised certain prepayment rights. Company Call Option and... of the note. The prepayment amount is equal to the ...which the Company exercises this prepayment option. Events of Default Upon ... the amount calculated under clause (x) determined based on the ...at will, the contract without penalty; and provisions permitting the agency ...
Published on 2021-02-05 in the Monarch Staffing Inc (MSTF) forum
This discussion is in English.
... "Company Call Option and Prepayment Rights" to prevent the note... we have exercised certain prepayment rights. Company Call Option and... of the note. The prepayment amount is equal to the ...which the Company exercises this prepayment option. Events of Default Upon ... the amount calculated under clause (x) determined based on the ...at will, the contract without penalty; and provisions permitting the agency ...
Published on 2021-02-05 in the Monarch Staffing Inc (MSTF) forum
This discussion is in English.
... AltCorp. Surge may make this prepayment of the outstanding balance due ... at any time and without penalty. Prior to Surge’s delivery.... 25. Severability. If any term, clause, or provision hereof is held ... operation of any other term, clause, or provision and such invalid... term, clause, or provision shall be deemed ...
Published on 2021-01-27 in the KSIX Media Holdings Inc. forum
This discussion is in English.
... AltCorp. Surge may make this prepayment of the outstanding balance due ... at any time and without penalty. Prior to Surge’s delivery.... 25. Severability. If any term, clause, or provision hereof is held ... operation of any other term, clause, or provision and such invalid... term, clause, or provision shall be deemed ...
Published on 2021-01-27 in the KSIX Media Holdings Inc. forum
This discussion is in English.
... without the worry of penalty fees. 3) Waiver of prepayment fee(s) – giving you... the worry of penalty fees. Can check the meaning of [3] clause means Is it... loan the next day without penalty?
Published on 2021-01-27 in the HomeSeekers and HomeMakers forum
This discussion is in English.
... without the worry of penalty fees. 3) Waiver of prepayment fee(s) – giving you... the worry of penalty fees. Can check the meaning of [3] clause means Is it... loan the next day without penalty?
Published on 2021-01-27 in the HomeSeekers and HomeMakers forum
This discussion is in English.