0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
When was Fee Klaus born?
Fee Klaus was born in 1902.
When was Francis Fee born?
Francis Fee was born in 1934.
When was Thomas Fee born?
Thomas Fee was born on 1931-01-06.
What is commencement fee?
It is a fee used to pay for graduation things; speakers, food, ex.........
What is the fee for using coinstar?
A 10.9% service fee applies. Fees may vary by location.
What is a Yield Maintenance Fee?
A fee paid by a mortgage holder as a prepayment premium in order to attain the same yield they would have if they had paid all payments to maturity.
How can you get out of a home loan prepayment penalty?
If this prepayment penalty is written into the contract, no way can you get out of it. Usually, though, the prepayment penalties last about 3 years. At the end of the 3 years, the prepayment penalty will be gone. Also, some companies will forgive the prepayment penalty, if you get your new mortgage through them if you are selling your current house and buying another house. Prepayment penalties are usually for paying off the loan, or paying big amounts back on the loan. Your contact will specify what the prepayment is for.
Do increase of prepayment increase or decrease cash flow?
An increase in prepayment will decreases cashflow
Is there a way to lower mortgage payment?
One of the best ways to reduce mortgage payments is to do a mortgage refinance as long as the new mortgage interest rate is at least two to three percent lower than the current rate and there is sufficient equity in the house. It's also important to a make sure there is no prepayment penalty on the existing loan. A prepayment penalty is a fee charged by the lender if a mortgage loan is refinanced before the prepayment expires
In the state of Pennsylvania is a prepayment penalty legal?
The state of Pennsylvania requires that any prepayment penalty be stated in the contract. When the prepayment penalty is stated in the contract it becomes legal.
How soon after you purchase your home can you take out an equity loan?
First you would have to determine if you have a prepayment penalty on your current home. In case you dont know, you can find that out if you call your mortgage holder. If there is a prepayment penaly it would be best to wait the period out in order to avoid the hefty fee. If you do not have a PPP, or would like to pursue despite the fee, you can do so at any time. If you need help with your transcation feel free to contact me @ 214)607-1445.
What is the journal for prepayment?
First debit prepayment account then credit cash/bank or supplier account.( Total prepayment amount) Second Debit relevant expenditure account by the portion its reflected to generate the revenue and credit same to the Prepayment Account Thanks Prasanna MMM Colombo
What happens to my financial statement if I don't record a prepayment?
The assets in the balance sheet will be understated as prepayment is under the assets account.
When refinancing should there be a document stating that a prepayment penalty will be charged and how much it will be?
yes, unless in your state or the state of the lender there is no prepayment penalty. It may not be included in the verbiage on the Note--to see if it is mentioned there. It may have different information than the page titled "Prepayment Penalty."
Does new york have a prepayment penalty on auto loans?
no
What is a negative prepayment rate in mortgage backed securities?
When a loan is modified, usually fees and interest are added to its balance, effectively increasing it That can produce negative prepayment rate
What is a pre-period?
Prepayment periods are outlined in the terms of agreement as certain days before the official due date when prepayment are processed. They are normally used with debt satisfaction agreements or installments.
