| |
Need a hand?
Give us a call!
(617) 275-4800
|
Now in our Shop
Building Blocks: Success Series: Chuck Horan
Learn More!
|
|
| |
|
Real Estate Glossary
Welcome to our online Real Estate glossary. To search for a term,
use the search box below. To browse our terms, click on a letter
of the alphabet and browse away!
Browse the glossary:
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
|
|
Prepayment privilege:
A clause in some loans allowing the borrower to pay off the debt prior to its due date without incurring a penalty. This is an advantage for a borrower when interest rates are falling, since he/she can pay off the existing loan and then refinance at a more favorable rate. Also called prior redemption privilege. See also Prepayment Penalty.
|
|
See Also:
» Prepayment penalty
The definition for Prepayment privilege 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.
|
|
|
