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Early repayment period |
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Early repayment periodA period of time that applies to certain types of loan during which a charge will be made if the loan is repaid in full or in part or its terms are varied at the borrower's request.Early repayment period Similar MatchesPrepayment feePrepayment feeIn the US, a fee charged to a borrower by a lender when a loan or mortgage is repaid ahead of schedule. In the UK, building societies impose a similar charge, typically binding the borrower to at least three years of repayments if such a charge is to be avoided. Lag response of prepaymentsLag response of prepaymentsA delay of typically about three months between the time the weighted-average coupon of an MBS pool crosses the threshold for refinancing and observation of an acceleration in prepayment speed is observed. Repayment vehicleRepayment vehicleThe means by which a mortgage loan's capital is repaid. Examples include endowments, ISAs and personal pensions. PrepaymentsPrepaymentsPayments made in excess of scheduled mortgage principal repayments. Prepayment penaltyPrepayment penaltyA fee a borrower pays a lender when the borrower repays a loan before its scheduled time of maturity. Further Suggestionsrepayment mortgagePrepayment speed Repayment plan FHA prepayment experience Prepayment penalty Monthly repayment Repayment period Repayment mortgage Zero prepayment assumption Repayment term |
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