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PREPAYMENT PENALTY
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   Types of Loan Programs-> Types of Loan Programs ~ General QuestionsMessage format
 
P.P.
Posted 4/4/2006 3:34 PM (#931)
Subject: PREPAYMENT PENALTY
Could someone explain the difference to me between hard prepayment and a soft prepayment penalty?
thanks.
PP :o
raulram1rez
Posted 4/5/2006 4:37 PM (#933 - in reply to #931)
Subject: RE: PREPAYMENT PENALTY
a hard prepayment you have to pay regardless if you refinance or sell your property and a soft prepay can be waived if you sell your property but typically still paid if you refinance.
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