Sentences with phrase «breakage penalties»
A lender makes money from interest on the loan and / or early breakage penalties paid by a borrower.
http://www.canadianmortgageadvisor.ca/
Your mortgage will have a breakage penalty for paying it off prior to the completion of your term.
The breakage penalty is roughly equal to the interest saved.
Not exact matches
NMG may voluntarily prepay outstanding loans under the Senior Secured Term Loan Facility at any time without premium or penalty other than customary «breakage» costs with respect to LIBOR loans.
NMG may voluntarily reduce the unutilized portion of the commitment amount and repay outstanding loans at any time without premium or penalty other than customary «breakage» costs with respect to LIBOR loans.
We may voluntarily prepay outstanding loans under the Senior Secured Term Loan Facility at any time without premium or penalty other than customary «breakage» costs with respect to LIBOR loans.