real estate
Prepayment clause
In a mortgage, the declaration that outlines the parameters under which the mortgagor may pay the full or a specified sum of the mortgage principal at some point before the due date is known as the prepayment privilege.
real estate
In a mortgage, the declaration that outlines the parameters under which the mortgagor may pay the full or a specified sum of the mortgage principal at some point before the due date is known as the prepayment privilege.