Avatar's Blog

» Prepayment Penalties

Posted on 10/17/2004
The term of a loan is its length. When seeking hard money loans - or any commercial bridge loan - be sure to ask about prepayment penalties. If you need a loan for 6 months and the term of your loan is 12 months, be sure you can pay it back it without owing a lot more in prepaymnet penalties.
Posted in Miscellaneous