Определение prepayment в Английский Язык Английский Язык словарь
Any amount paid on a loan by the borrower before it is required to be paid under the terms of the promissory note There is never a penalty for prepaying principal or interest on Direct Loans
A privilege in a mortgage permitting the borrower to make payment in advance of the due date This might occur if the borrower makes extra payments, sells the property, or refinances the existing loan
Full payment of the principal before the due date; occurs when a property is sold or the borrower refinances the existing loan
Any amount paid to reduce the principal balance of a loan before the due date Payment in full on a mortgage that may result from a sale of the property, the owner's decision to pay off the loan in full, or a foreclosure In each case, prepayment means payment occurs before the loan has been fully amortized
~ The unscheduled partial or complete payment of the principal amount outstanding on a mortgage or other debt before it is due
Payment of the entire mortgage loan, or part of it, before the due date (maturity date)
A payment made by the borrower over and above the scheduled mortgage payment If the additional payment pays off the entire balance it is a "prepayment in full"; otherwise, it is a "partial prepayment " For articles on prepayment, see Paying Off Early
Any amount of money that is paid on a loan prior to the scheduled time-- during a deferment or grace period (if applicable) or simply an extra payment during the repayment period Usually, but not always, prepayment reduces cost and carries no penalty
A privilege in a mortgage permitting the borrower to make payments in advance of their due date without penalty
Early payment of mortgage loans by homeowners For investors in mortgage-backed bonds, prepayments pose a serious threat Refinancing triggered by falling interest rates causes increased prepayments, which can cause bonds that are mortgage-backed to be called early For the homeowner, however, prepayment provides an opportunity to save on mortgage loans See "Should I Prepay?" BACK TO TOP
A privilege in a mortgage permitting the borrower to make payments in advance of their due date To Navigation Buttons
Full or partial payment of the principal before the due date This might occur if the borrower makes extra payments, sells the property, or refinances the existing loan
Paying off your mortgage loan, or part of it, before the due date Many fixed rate loans forbid prepayment, charge a penalty for it, or limit the amount that you can prepay in any one year Adjustable Rate Mortgages (see Adjustable Rate Mortgage) usually allow prepayment without penalty
A privilege in a mortgage permitting the borrower to make payments in advance of their due date
Payment of the whole or part of principal amount of a mortgage loan before the due date Mortgage agreements can restrict the borrowers right of prepayment either by limiting the amount that can be prepaid in any one year or charging a penalty for prepayment
The risk that, as interest rates fall, borrowers are more likely to refinance their debts As a result, the principal on certain fixed-income securities may be paid earlier than expected, which could cause investment losses and cause prepaid amounts to have to be reinvested at a relatively lower interest rate
The potential loss due to prepayment by an obligor The SPV may either pass through the prepaid amounts to investors thus resulting into faster payment of principal than expected, and reduced income over time, or if the SPV were to reinvest this money, the reinvestment may not produce rate of return as in the underlying receivables Hence, prepayment is viewed as a risk in securitizations, though sometimes, prepayment penalties may more than undo the damage
The possibility that, as interest rates fall, homeowners will refinance their home mortgages, resulting in the prepayment of GNMA securities, and possible decline in net asset values of GNMA Funds
~ The risk that falling interest rates will lead to heavy prepayments of mortgage or other loans-forcing the investor to reinvest at lower prevailing rates
~ The risk that falling interest rates will lead to heavy prepayments of mortgage or other loans-forcing the investor to reinvest at lower prevailing rates
The risk that falling interest rates will lead to heavy prepayments of mortgage or other loans-forcing the investor to reinvest at lower prevailing rates