4. Don’t Consent To a Prepayment Penalty. Loan providers may you will need to persuade borrowers to choose that loan by having a prepayment penalty. this might be basically a clause in your mortgage agreement that enables the financial institution to get extra cash if you pay back the mortgage early or make additional re re payments above a specific restriction in lowering your financial troubles. Not only will a prepayment penalty be costly, but anything that discourages borrowers from…