A prepayment is an early repayment of a loan by the borrower. Common reasons for a borrower to prepay are optional refinancing or taking advantage of lower interest rates.
Prepayment
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PS Funding, Inc. CA Bureau of Real Estate - Real Estate Broker License No. 01984664; California Finance Lenders License 60DBO-45398
PS Funding, Inc. CA Bureau of Real Estate - Real Estate Broker License No. 01984664; California Finance Lenders License 60DBO-45398