Last reviewed 08-20-2026Short-Sale.com Editorialglossary
Prepayment in Full
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 08-20-2026
Prepayment in Full
A Prepayment in Full, or Payoff, refers to the payment in whole of the principal amount of the mortgage/loan Note/HECM in advance of expiration of the term of the mortgage/loan Note/HECM.
FHA Single Family Housing Policy Handbook Glossary November 26 2025
p. 44
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