Makeda Jackson

Specializes in

Mortgage and Housing Information

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What is a prepayment penalty? Here’s what to watch out for

What is a prepayment penalty? Here’s what to watch out for

October 28, 2021

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What is a prepayment penalty? Here’s what to watch out for

What is a prepayment penalty? Here’s what to watch out for

A prepayment penalty is a fee charged by some lenders when you pay some or all of your loan (most often mortgages) back early.

Makeda Jackson

October 28, 2021