A prepayment privilege may be the quantity it is possible to place toward a mortgage that is closed top of one’s regular mortgage repayments, without the need to spend a prepayment penalty.

A prepayment privilege may be the quantity it is possible to place toward a mortgage that is closed top of one’s regular mortgage repayments, without the need to spend a prepayment penalty.

Your prepayment privileges enable you to:

  • Enhance your regular re payment by a percentage that is certain
  • Make a lump-sum payment as much as a quantity or portion regarding the mortgage amount that is original
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