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2. Prepaying your mortgage: What is it and should I do it? - AOL

   www.aol.com/finance/prepaying-mortgage-152800578...

   Making extra payments at regular intervals usually does not trigger a prepayment penalty. Not all lenders have mortgages that come with a prepayment penalty. But if your mortgage has one, it would ...

3. What is a prepayment penalty? - AOL

   www.aol.com/finance/prepayment-penalty-165152113...

   Key takeaways. A prepayment penalty is a fee designed to discourage borrowers from paying off a loan ahead of time. Refinancing your mortgage or selling your home could trigger this penalty.

4. Should I pay off my mortgage early? - AOL

   www.aol.com/finance/pay-off-mortgage-early...

   So, if your outstanding loan balance in year two is $295,000 and you pay your mortgage off, the lender could charge a prepayment penalty of up to $5,900. How do you prepay your mortgage?

5. Prepayment of loan - Wikipedia

   en.wikipedia.org/wiki/Prepayment_of_loan

   Prepayment speeds can be expressed in SMM (single monthly mortality), CPR (conditional prepayment rate, which is the annually compounded SMM), or PSA (percentage of the Public Securities Association prepayment model). For mortgages at least 30 months old, 100% PSA = 6.0% CPR = 0.51% SMM, equivalent to the full prepayment of 6% of a pool's ...

6. Paying off debt early: Advantages and disadvantages - AOL

   www.aol.com/finance/paying-off-debt-early...

   Some loans have penalties for early repayment, also known as a prepayment penalty. While not every lender or issuer will charge this fee, it’s uncommon to see this listed on a lender’s ‘fees ...

7. Adjustable-rate mortgage - Wikipedia

   en.wikipedia.org/wiki/Adjustable-rate_mortgage

   If a mortgage is refinanced, the borrower simultaneously takes out a new mortgage and pays off the old mortgage; the latter counts as a prepayment. Some ARMs charge prepayment penalties of several thousand dollars if the borrower refinances the loan or pays it off early, especially within the first three or five years of the loan.