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What Is A Prepayment Penalty

 Oct     


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.
This is a seasonal trend that repeats every October.
This trend is forecasted to be growing in the next 2 years.

  

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 12 Months
Trend: declining
MOM change: -0.01%
 5 Years
Trend: growing
MOM change: 0.86%

Latest forum discussions

We tracked 38 total in the last 3 months

... vs ongoing differences between the penalty and interest. I suppose this ...% So while there's no prepayment penalty, taxable investments need to grow ....7% mortgage. And if the penalty is in effect, investments would ... extra $10k cash and deciding what to do with it, if ... loan using up the remaining penalty-free amount, the remaining $5k ... pay down even with the penalty as investing needs to return "...
Published on 2021-02-27 in the Personal Finance (Not Investing) forum
This discussion is in English.
Residency Evil posted: That's what I mean by "I've ... 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.
Residency Evil posted: That's what I mean by "I've ... 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.
...% overall on your portfolio, so what? You're not using any ... generated by your portfolio so what it earns is not relevant). ..., 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.
...% overall on your portfolio, so what? You're not using any ... generated by your portfolio so what it earns is not relevant). ..., 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.
... credit based on true risk. What UPST platform does: Our platform...approved for credit and at what interest rate.12 While FICO...fraud, acquisition targeting, loan stacking, prepayment prediction, identity fraud and time... monthly repayment schedule and no prepayment penalty. On the funding side, our...picking up the slack. Personally, what I want to see is...UPST to lose. My opinion: What I like about UPST is...
Published on 2021-02-27 in the Stocks, Shares and Indices forum
This discussion is in English.
... credit based on true risk. What UPST platform does: Our platform...approved for credit and at what interest rate.12 While FICO...fraud, acquisition targeting, loan stacking, prepayment prediction, identity fraud and time... monthly repayment schedule and no prepayment penalty. On the funding side, our...picking up the slack. Personally, what I want to see is...UPST to lose. My opinion: What I like about UPST is...
Published on 2021-02-27 in the Stocks, Shares and Indices forum
This discussion is in English.
... Canada Mortgage information website: The prepayment penalty will usually be the higher ... on what you still owe - the interest rate differential (IRD) 3 months penalty... is about 6000$ And again what I would save is the ...
Published in Montr on 2021-04-02 in the Personal Finance forum
This discussion is in English.
... Canada Mortgage information website: The prepayment penalty will usually be the higher ... on what you still owe - the interest rate differential (IRD) 3 months penalty... is about 6000$ And again what I would save is the ...
Published in Montr on 2021-04-02 in the Personal Finance forum
This discussion is in English.
Raptorrr wrote: ↑ I voted variable but just wondering if rates start to increase substantially. What involves moving a variable mortgage to a fixed one say 6 months into it? My understanding is the early prepayment penalty for variable is always 3 months interest. Thats one of the big benefits. Prepayment Charge = remaining mortgage principle * your interest rate * 3/12 months
Published in Pet, Ontario on 2021-03-12 in the Real Estate forum
This discussion is in English.
Raptorrr wrote: ↑ I voted variable but just wondering if rates start to increase substantially. What involves moving a variable mortgage to a fixed one say 6 months into it? My understanding is the early prepayment penalty for variable is always 3 months interest. Thats one of the big benefits. Prepayment Charge = remaining mortgage principle * your interest rate * 3/12 months
Published in Pet, Ontario on 2021-03-12 in the Real Estate forum
This discussion is in English.
... bit that contradicts what you state.  Prepayment gas has a penalty of more than...
Published on 2021-03-21 in the Energy forum
This discussion is in English.
... bit that contradicts what you state.  Prepayment gas has a penalty of more than...
Published on 2021-03-21 in the Energy 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.
..., we will be paying cash, what is the process for things.... I believe you are misunderstanding what effect early payment of principal... that is beneficial depends on what interest rate you can get... of the 2nd mortgage (no prepayment penalty of course!), the interest rate...
Published on 2021-03-15 in the Personal Finance (Not Investing) forum
This discussion is in English.
..., we will be paying cash, what is the process for things.... I believe you are misunderstanding what effect early payment of principal... that is beneficial depends on what interest rate you can get... of the 2nd mortgage (no prepayment penalty of course!), the interest rate...
Published on 2021-03-15 in the Personal Finance (Not Investing) forum
This discussion is in English.
... be wasted (correct?). OR KEEP WHAT I HAVE AND JUST PRE....0%, no prepayment penalty. Loan modification? Refinance? Or keep what I have? Please...
Published on 2021-03-01 in the Personal Finance (Not Investing) forum
This discussion is in English.
... be wasted (correct?). OR KEEP WHAT I HAVE AND JUST PRE....0%, no prepayment penalty. Loan modification? Refinance? Or keep what I have? Please...
Published on 2021-03-01 in the Personal Finance (Not Investing) forum
This discussion is in English.