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Prepayment Penalty

  Medium opportunity   


General search term.
Might be referring to: a prepayment penalty is a fee that some lenders charge if you pay off all or part of your mortgage early. If you have a prepayment penalty, you would have agreed to this when you closed on your home. Not all mortgages have a prepayment penalty.Sep 25, 2017.

  

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 12 Months
Average: 58.58%
Trend: declining
MOM change: -0.12%
 5 Years
Average: 45.75%
Trend: growing
MOM change: 1.6%

Latest forum discussions

We tracked 101 total in the last 3 months

... but hdb loan has no prepayment penalty? How important is this? Since... their loan tenure is over, prepayment is a likely scenario if... with its lower interest and prepayment penalty is still worth it over...
Published on 2021-01-30 in the Money Mind forum
This discussion is in English.
We have a mortgage with about $400k remaining balance that we have been paying down each year with principal curtailments and regular payments up to its $50k penalty-free limit. If we go over that yearly limit, it seems like 1% of the excess principal payment would go towards a penalty (although I'm not entirely sure as we haven't done that yet). The mortgage has an after-tax interest rate of 3.7%...
Published on 2021-02-26 in the Personal Finance (Not Investing) forum
This discussion is in English.
We have a mortgage with about $400k remaining balance that we have been paying down each year with principal curtailments and regular payments up to its $50k penalty-free limit. If we go over that yearly limit, it seems like 1% of the excess principal payment would go towards a penalty (although I'm not entirely sure as we haven't done that yet). The mortgage has an after-tax interest rate of 3.7%...
Published on 2021-02-26 in the Personal Finance (Not Investing) forum
This discussion is in English.
Are there any banks that do not charge a prepayment penalty on their auto loan?
Published on 2021-02-13 in the General forum
This discussion is in English.
Are there any banks that do not charge a prepayment penalty on their auto loan?
Published on 2021-02-13 in the General forum
This discussion is in English.
Quote: Originally Posted by sheerbliss When I did this, I got a mortgage on the new house with 10% down and a job where I was moving (out-of-state). After I sold the first house, I paid off the loan on the second. I made sure there was no pre-payment penalty. No prepayment penalty, but what other costs were involved with that mortgage?
Published on 2021-04-03 in the Personal Finance forum
This discussion is in English.
Quote: Originally Posted by sheerbliss When I did this, I got a mortgage on the new house with 10% down and a job where I was moving (out-of-state). After I sold the first house, I paid off the loan on the second. I made sure there was no pre-payment penalty. No prepayment penalty, but what other costs were involved with that mortgage?
Published on 2021-04-03 in the Personal Finance forum
This discussion is in English.
... are not subject to a prepayment penalty.As set out in the ... not be subject to a prepayment penalty except in the case of ...
Published on 2021-02-05 in the Energy Investing forum
This discussion is in English.
... are not subject to a prepayment penalty.As set out in the ... not be subject to a prepayment penalty except in the case of ...
Published on 2021-02-05 in the Energy Investing forum
This discussion is in English.
... think some states do outlaw prepayment penalties. If we're just... him if there was a prepayment penalty and he said "no but ... the loan agreement, saw no penalty and went ahead and signed ...
Published on 2021-03-24 in the Business, Finance, and Careers forum
This discussion is in English.
... think some states do outlaw prepayment penalties. If we're just... him if there was a prepayment penalty and he said "no but ... the loan agreement, saw no penalty and went ahead and signed ...
Published on 2021-03-24 in the Business, Finance, and Careers forum
This discussion is in English.
... term - 3 years. Annual prepayment privileges - $66,000 If..., there would not be a penalty. However, if I were to ... Scotiabank take into account my prepayment privileges in this case? Or ...
Published in Vancouver on 2021-03-05 in the Real Estate forum
This discussion is in English.
... term - 3 years. Annual prepayment privileges - $66,000 If..., there would not be a penalty. However, if I were to ... Scotiabank take into account my prepayment privileges in this case? Or ...
Published in Vancouver on 2021-03-05 in the Real Estate forum
This discussion is in English.
... I think cannot reprice or prepayment Free repricing is available after... for HDB flats, so early prepayment really doesn’t matter since... repricing from 30 months/no prepayment penalty (upon property sale) offer for...
Published on 2021-03-01 in the HomeSeekers and HomeMakers forum
This discussion is in English.
... I think cannot reprice or prepayment Free repricing is available after... for HDB flats, so early prepayment really doesn’t matter since... repricing from 30 months/no prepayment penalty (upon property sale) offer for...
Published on 2021-03-01 in the HomeSeekers and HomeMakers forum
This discussion is in English.
..., is there an early withdrawal penalty on breaking the CD because... an associated cost (early withdrawal penalty). 4. you can also get... soon) to avoid early withdrawal penalty. 5. Not sure I read.... you don't want any prepayment penalty/or front loading of interest...
Published on 2021-02-04 in the Personal Finance (Not Investing) forum
This discussion is in English.
..., is there an early withdrawal penalty on breaking the CD because... an associated cost (early withdrawal penalty). 4. you can also get... soon) to avoid early withdrawal penalty. 5. Not sure I read.... you don't want any prepayment penalty/or front loading of interest...
Published on 2021-02-04 in the Personal Finance (Not Investing) forum
This discussion is in English.
... it’s true via their prepayment calculator. In my case the... offered basically negates the additional penalty and the rate is good... could very well mean your penalty is double that of other...
Published in Toronto on 2021-02-13 in the Real Estate forum
This discussion is in English.
... it’s true via their prepayment calculator. In my case the... offered basically negates the additional penalty and the rate is good... could very well mean your penalty is double that of other...
Published in Toronto on 2021-02-13 in the Real Estate forum
This discussion is in English.