Do Kiavi loans have prepayment penalties?
Bridge (fix-and-flip) loans generally have no prepayment penalty — flips are meant to be paid off early, and Kiavi prices for it. DSCR rental loans are different: like most 30-year investor loans, they typically carry a step-down prepayment penalty (for example 5-4-3-2-1% over the first five years), and you can often buy the penalty down or off in exchange for a higher rate. If you plan to refinance or sell a rental within a few years, ask for the penalty structure in writing before you lock.
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