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Do you know what "Prepayment Penalty" means?
 
  
  • See also: Real Estate Glossary

    • Mortgage

    A legal document signed by borrower(s) and promising a property to the lender in return for payment of a debt. Some states use First Trust Deeds instead of mortgages.

    See also:
  • Maturity Date
  • Mechanics Lien
  • Metes & Bounds
  • MIP
  • MLS
  • Molds
  • Mortgage
  • Mortgage Banker
  • Mortgage Broker
  • Mortgage Insurance
  • Mortgage Insurance Premium
  • Mortgage Interest Rate
  • Mortgagee
  • Mortgagor
  • Multiple Listing Service
    •  
  • See also: Real Estate Glossary

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