Tag: Prepayment Penalty

Tax Code, Regulations and Guidance

What a Mortgage Prepayment Penalty Is and Who Has to Pay

October 4, 2019

Via: Fit Small Business

Prepayment penalties are fees some lenders charge borrowers who pay off their loans early, refinance, or pay a substantial portion. In 2014, prepayment penalties became restricted from residential loans on owner-occupied property, with some exceptions. Prepayment penalties are sometimes charged […]