Lenders, and the investors who buy loans from lenders in the secondary market, are willing to accept a lower rate in exchange for a prepayment penalty. The benefit of a prepayment penalty to them is that it discourages refinancing if interest rates decline in the future. We offer No Prepayment Penalties to all borrowers, not just those with perfect credit. Feel confident in knowing that you are getting the best possible loan now and for the future.