Flexible Repayment

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January 1, 1 6 min read Definitions
Open Mortgage
Open Mortgage Foreclosure Flexible Repayment Loan Maturity Interest-Only Loan Real Estate Financing Principal Payment
An open mortgage is a mortgage that has matured or is past its due date and hence remains open to foreclosure or repayment without any prepayment penaltiesat any time. It allows for flexibility for both the borrower and the lender.
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