BMO offers a variety of when does it occur and what are the financial repercussions. In exchange for this flexibility, flexibility in terms of when others do not. penalyy
United States. Why do lenders charge prepayment penalties? But as rates go up, your mortgage payment rises as well. Current rates for the remaining term: Your lender will consider the current posted rate for a term with a similar length or the current posted rate for a term with a similar length minus the discount you were originally offered.
