Most other less common charges were prepayment penalties otherwise balloon payments. A prepayment punishment is a charge certain lenders impose to their consumers whenever they try to make its mortgage repayments before their designated due date or you will need to pay off the loan very early. An excellent balloon payment is a large lump sum charges particular loan providers wanted at the end of a good loan’s payment conditions. Prepayment punishment and you may balloon money are awkward fees that often create paying personal debt more difficult. Leia mais