Many lenders give a grace term; however, you need to confirm if this is the case with your lender

Many lenders give a grace term; however, you need to confirm if this is the case with your lender

There are some other types of fees other than origination fees you might have to pay as well. These include charges relating to returned checks, insufficient funds, prepayment, late payment, and processing funds.

A prepayment penalty depends on your lender, and this kind of fee can wash away the savings you hoped to get by repaying it early. Continue reading “Many lenders give a grace term; however, you need to confirm if this is the case with your lender”