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Real Estate Glossary

Curtailment

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Written by Luis Escobar

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.

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Luis Escobar

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