Tag Archive for: EPO

What Are Early Pay Off Penalties?

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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

Early Payoff Penalties – Six Months Is All We Ask :)

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A borrower with substantial funds recently requested an $8,000 lender credit from us to cover his closing costs. In order to give him the large credit, we had to increase […]Read More

Early Pay Off Penalties – Six Months Is All We Ask :)

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Shockingly, rates have fallen about 1/4% over the last month. We say shockingly because we were told that this time they were going up for sure (after about twenty false […]Read More

Markets Closed; Veteran’s Day; Brutal Early Pay Off Penalties

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We are repeating a blog from May b/c we continue to incur so many Early Pay Off penalties, and b/c a Realtor asked about them yesterday. … a borrower informed us […]Read More

Early Pay Off Penalties For Most Mortgages – Fee Paid By Lenders

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Early Pay Off Penalties (EPO) Yesterday a borrower informed us that she intended to pay off her mortgage soon after we close because she was expecting a windfall from the […]Read More

“Early Pay Off Penalties” That Originating Lenders Pay

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We discussed the general lack of prepayment penalties (they no longer exist) on Monday. But I also mentioned “Early Pay Off” or “EPO” fees. What Are “Early Pay Off” Penalties? […]Read More