The mortgage definition for Repayment term:
The period of time over which you will repay your mortgage to the lender.
Early repayment periodEarly repayment period
A period of time that applies to certain types of loan during which a charge will be made if the loan is repaid in full or in part or its terms are varied at the borrower's request.
Monthly repaymentMonthly repayment
This is the amount you pay to your lender each month towards the cost of your loan.
Prepayment penaltyPrepayment penalty
Lenders can impose a penalty on a borrower who pays a loan off before its expected end date.
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