Sentences with phrase «pre-payment penalty clause»

Any property offered with seller financing should have a no pre-payment penalty clause built into the loan papers for the benefit of the buyer.

Also, if you have a pre-payment penalty clause in your present mortgage, you will have to pay that penalty if you refinance.

Pre-payment penalties will generally provide you with a slightly lower interest rate in exchange for the pre-payment penalty clause.

Not exact matches

However you must check your loan documents to see if it has any pre-payment penalties, some loans do have such clause.

Restrictive clauses such as a pre-payment penalty can prohibit you from maneuvering when it is necesarry or when others opportunities arise.