Pre Payment Penalty
Even if your current loan has a prepayment penalty, it is possible to refinance your mortgage, consolidate debt, get cash out and still lower your overall monthly payment.
http://www.brokeroutpost.com/reference/50317.htm (Updated: 08/05/2006)

Prepayment Penalty
A pre payment penalty requires a borrower to pay a fee if the borrower pays all or part of a mortgage loan before it is due.
http://www.brokeroutpost.com/reference/32473.htm (Updated: 04/19/2006)
Related Reference Topics: [mortgage payoff, prepayment]