early redemption penalty
1early-redemption penalty — A financial penalty that is levied by mortgage lenders for switching to another lender. This is payable on certain types of loans, such as, discount and fixed interest rate loans upon early redemption or part redemption during the specified early …
2Early repayment charge — If fixed rate mortgages(FRM) are noticed in advance a compensation the so called early repayment charge or redemption penalty has to be paid.If the interest rates have fallen, the creditor has an interest loss due to the notice. But if the rates… …
3Redemption — • The restoration of man from the bondage of sin to the liberty of the children of God through the satisfactions and merits of Christ Catholic Encyclopedia. Kevin Knight. 2006. Redemption Redemption …
4penalty — noun 1 punishment ADJECTIVE ▪ harsh, heavy, hefty, severe, stiff, strict, substantial, tough ▪ draconian …
5Redemption movement — Part of a series on Taxation Taxation in the United States …
6UK mortgage terminology — This page gives descriptions of UK mortgage terminology which can often confuse borrowers.IntroductionThe UK mortgage market is one of the most innovative and competitive in the world. Most borrowing is funded by either mutual organisations… …
7Mortgage industry of the United Kingdom — The Mortgage industry of the United Kingdom has traditionally been dominated by building societies, but from the 1970s the share of the new mortgage loans market held by building societies has declined substantially. Between 1977 and 1987, the… …
8Mortgage Law — Types of mortgage Under the Law of Property Act (1925), which governs mortgage regulations in the UK, there are two types of mortgage, legal and equitable. A legal mortgage confers a legal estate on the mortgagee (lender). Under the 1925 Act, the …
9Call Premium — 1. The dollar amount over the par value of a callable fixed income debt security that is given to holders when the security is called by the issuer. 2. The amount the purchaser of a call option must pay to the writer. 1. The call premium is… …
10United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …
