Prepayment Premium
For a Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or a mortgage debt obligation with a Fannie Mae credit enhancement. prepayment, amount the BorrowerBorrowerPerson who is the obligor per the Note. must pay in addition to the prepaid principal and accrued interest per the Loan DocumentsLoan DocumentsAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan. .
Synonyms
Prepayment Premiums