Tag Archive for: early payoff penalty

What Is A Prepayment Penalty?

A prepayment penalty on a mortgage loan is a fee that can be charged by a lender when your mortgage is paid off in full or in part early.Read More

What Are Early Pay Off Penalties?

Early Pay Off Penalties (also referred to as EPOs) are often confused with Prepayment Penalties. The EPO meaning in mortgage language relates to fees charged to a lender when a borrower pays off their loan within a certain period after the loan is sold on the secondary market.Read More