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A fee that a borrower may be required to pay to the lender, in the early years of a mortgage loan, for repaying the loan in full or prepaying a substantial amount to reduce the unpaid principle balance.

Tags: Buying / Selling / Mortgaging, Finance, Property Investment

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*LYNK Capital Fund, L.P. operates as LYNK Investments, LLC in the state of Texas.

Disclaimers: LYNK Capital makes loans solely for business purposes (and not for personal or consumer use) and is exempt from licensing in all states in which it operates. LYNK Capital Fund, L.P. does not lend on owner-occupied properties. Listed rates, terms, and conditions are offered only to qualified borrowers, may vary by loan product, deal structure, property state, or other applicable considerations, and are subject to change at any time without notice. No information on this site is intended to, or shall, created a legally binding commitment or obligation on the part of LYNK Capital Fund, L.P. and all terms are expressly subject to LYNK Capital's credit, legal, and investment approval process.