is prepayment always possible in loans?
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bendicty
Apprentice
Joined: 06 Dec 2005
Posts: 7
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 Posted: 06/22/08 - 07:09 Post subject: |
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| Prepayment option is a good one to have, because you never know what kind of money you can count on in the near future after taking up a loan. I think that this is a great option to have and I would like to know more about this. I am especially interested when can I count on prepayment as possibility in loans? |
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lockwood
Apprentice
Joined: 20 Jun 2004
Posts: 2
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| Posted: 07/22/08 - 00:57 Post subject: |
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| I am sure that this is not a possibility that goes without saying with every possible loan. Even if you have it I am sure there will be some restrictions like you are not eligible to start this process until the first five years of loan have passed or something like this. I am pretty sure that this is a standard procedure for every loan and you will not be able to find something that is all that much different in the near future. This is how banks do their business and you should be counting on this for sure. |
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