Re:Citibank's $900M Blunder
by hectormalot on Thursday August 20, 2020 @04:11PM
(#24228275)
I think gp meant prepayment including all future interest, which would more than cover prepayment fees.
High-lvl: prepayment fees is roughly equal to interest owed minus alternative interest options the bank has (eg someone else’s mortgage). Disclaimer: Dutch perspective.
High-lvl: prepayment fees is roughly equal to interest owed minus alternative interest options the bank has (eg someone else’s mortgage). Disclaimer: Dutch perspective.