Early Loan Payoff

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January 1, 1 6 min read Definitions
Prepayment Penalty
Prepayment Penalty Mortgage Loans Loan Terms Refinancing Lender Fees Early Loan Payoff
Prepayment penalty is a fee that some lenders impose on borrowers who pay off a loan early, helping the lender recover some of the interest they would have earned if the loan went the full term.
Read more about Prepayment Penalty.

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