Prepay - Law Dictionary Search Results
Home Dictionary Name: prepayprepayment
prepayment payment of the mortgage loan before the scheduled due date; may be Subject to a prepayment penalty. Source: U.S. Department of Housing and Urban Development ...
prepayment penalty mortgage (ppm)
prepayment penalty mortgage (ppm) a type of mortgage that requires the borrower to pay a penalty for prepayment, partial payment of principal or for repaying the entire loan within a certain time period. A partial payment is generally defined as an amount exceeding 20% of the original principal balance. Source: U.S. Department of Housing and Urban Development ...
prepay
prepay pre·paid pre·pay·ing : to pay or pay the charge on in advance (as of date due or maturity date) [no penalty for ing your student loan] pre·pay·ment n ...
prepayment penalty
prepayment penalty a fee charged to a homeowner who pays one or more monthly payments before the due date. It can also apply to principal reduction payments. Source: U.S. Department of Housing and Urban Development ...
Prepay
To pay in advance or beforehand as to prepay postage...
advance earned income credit
advance earned income credit Prepayments of the earned income credit by an employer to an employee. ...
closing costs
closing costs fees for final property transfer not included in the price of the property. Typical closing costs include charges for the mortgage loan such as origination fees, discount points, appraisal fee, survey, title insurance, legal fees, real estate professional fees, prepayment of taxes and insurance, and real estate transfer taxes. A common estimate of a Buyer's closing costs is 2 to 4 percent of the purchase price of the home. A common estimate for Seller's closing costs is 3 to 9 percent. Source: U.S. Department of Housing and Urban Development ...
pre-
pre- 1 a : earlier than : prior to : before [premarital] [prejudgment] b : preparatory or prerequisite to [prehearing] 2 : in advance : beforehand [prepay] ...
register
register [Anglo-French registre, from Medieval Latin registrum, alteration of Late Latin regesta, pl., register, from Latin, neuter plural of regestus, past participle of regerere to bring back, pile up, collect] 1 : a written record containing regular entries of items or details ;specif : police register 2 a : a book or system of public records (as titles or patents) b : a roster of qualified or available individuals c : the formal record maintained by a corporation of the names and addresses of holders of its registered securities 3 : registry 4 probably alteration of Middle English registrer registrar : registrar vb -tered -ter·ing vt 1 : to make or secure official entry of in a register [ a car] [ a title] 2 : to enroll formally esp. as a voter or student 3 : to secure special protection for (a piece of mail) by prepayment of a fee vi 1 : to enroll one's name in a register 2 : to enroll one's name officially as a prerequisite for voting ...
Prepayment
Payment in advance...
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