Prepayment Rider

 

The prepayment rider document is not always a part of the mortgage documents. The prepayment rider is a document that specifies if there are any penalties associated with paying the loan off early. These terms should have been worked out with the borrower and lender ahead of time, and the borrower should be familiar with it already.

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 


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