Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Prepayment Penalty Prepayment Penalty November 9, 2021 A monetary penalty charged by a lender if all or part of a loan is paid off before it is due.You Might Also Like: Everyday Money8 Ways to Save Money on Gas Everyday Money5 Ways to Boost Your Financial Health (Amidst COVID-19) Family MattersPreparing Financially for a Baby Everyday MoneyBudget Friendly Ideas for Thanksgiving Everyday MoneySenior Discounts and Savings
