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  2. Prepayment of loan - Wikipedia

    en.wikipedia.org/wiki/Prepayment_of_loan

    Prepayment is the early repayment of a loan by a borrower, in part (commonly known as a curtailment) or in full, often as a result of optional refinancing to take advantage of lower interest rates. [ 1 ]

  3. Should I pay off my mortgage early? - AOL

    www.aol.com/finance/pay-off-mortgage-early...

    The short answer is yes — you can pay off your mortgage early. ... if your outstanding loan balance in year two is $295,000 and you pay your mortgage off, the lender could charge a prepayment ...

  4. Should I Pay Off My Mortgage Early? - AOL

    www.aol.com/finance/pay-off-mortgage-early...

    A mortgage is a significant monthly expense for many households, and paying off that loan early can help reduce interest paid as well as eliminate the debt early.

  5. Dave Ramsey Says To Pay Off Your Mortgage Early - AOL

    www.aol.com/dave-ramsey-why-shouldn-t-170016629.html

    Dave Ramsey Says To Pay Off Your Mortgage Early — But Should You? Caitlyn Moorhead. November 11, 2024 at 8:00 AM ... Plus, you might need to factor in origination fees from the lender. Yikes!

  6. 6 Things to Consider Before Paying Off a Mortgage Early - AOL

    www.aol.com/finance/2015-12-05-what-to-consider...

    Getty ImagesThese factors will help you decide if its better to invest excess cash or pay off your mortgage early.By Kristin McFarlandLiving debt-free sounds great, and depending on where you are ...

  7. Money Expert Tiffany Aliche Says This Is a ‘Smarter ... - AOL

    www.aol.com/money-expert-tiffany-aliche-says...

    A Smarter Approach To Paying Off Your Mortgage Early Aliche says there’s a smarter way to pay off your mortgage early. “Stick with the longer loan period and make extra principal payments when ...

  8. UK mortgage terminology - Wikipedia

    en.wikipedia.org/wiki/UK_mortgage_terminology

    The high early repayment charges are necessary to protect the lender against a fall in market interest rates. Discount rate – where the interest rate charged is lower (e.g. 2% per year lower) for a short fixed period (typically 1 to 5 years), after which the full rate is charged.

  9. Dave Ramsey’s 7 Tips for Quickly Paying Off a Mortgage - AOL

    www.aol.com/dave-ramsey-7-tips-paying-120027516.html

    The Dave Ramsey mortgage plan encourages homeowners to aggressively pay off their mortgages early, however. One recommendation Ramsey makes is to convert your 30-year mortgage into a fixed-rate ...

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    related to: early repayment charges on mortgage