Real Estate Glossary

Curtailment

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Richard Wilson
Written by Richard Wilson

This is a kind of prepayment that decreases an outstanding principle balance on a mortgage loan by repaying a lump sum amount or increasing an individual’s monthly payment. This will, in turn, decrease the loan maturity period.

This is a kind of prepayment that decreases an outstanding principle balance on a mortgage loan by repaying a lump sum amount or increasing an individual’s monthly payment. This will, in turn, decrease the loan maturity period.

About the author

Richard Wilson

Richard Wilson

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