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Real Estate Glossary
Welcome to our online Real Estate glossary. To search for a term,
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Prepayment penalty:
Lenders can impose a penalty on a borrower who pays a loan off before its expected end date. See also Prepayment privilege.
As defined by Inman
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See Also:
» Prepayment privilege
The definition for Prepayment penalty and
this glossary as a whole are presented to you as a courtesy of ForeclosuresRI.
For other terms, explinations, definitions and descriptions, please
visit our Glossary page.
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