This is not legal advice for your situation*

Prepayment Penalty Matrix

To better serve our customers, we've created a DocMagic Prepayment Matrix that lists our verbiage for hard, soft and state-specific prepayment addenda and riders. This matrix provides loan types and limitations for when particular verbiage appears. Also, the DocMagic form names and citations are listed.

Here is the matrix: Prepayment Penalty Matrix.

Sample Multistate Forms:

1. Multistate Prepayment Addendum - Hard

2. Multistate Prepayment Rider - Hard

3. Multistate Prepayment Addendum - Soft

4. Multistate Prepayment Rider - Soft

Please note these are our DocMagic defaults, but your INVESTOR SPECIFIC REQUIREMENTS MAY BE DIFFERENT. Please refer to investor guidelines for a particular investor's requirements.

For additional information on DocMagic prepayment forms, click here.

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*This article is distributed to provide general information about the subject matter covered and should not be utilized as a substitute for professional advice in specific situations. If you require such advice, please consult with your own professional advisers.


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