The fee is called prepayment penalty.
A prepayment penalty is a cost charged by some lenders if you pay off all or part of your mortgage early. If there is a prepayment penalty, you would have agreed to it when you closed on your house. Prepayment penalties do not apply to all mortgages.
A prepayment penalty clause specifies that if the borrower significantly decreases or pays off the mortgage, often within the first five years of the loan, a penalty will be imposed.
Prepayment penalties safeguard lenders from the loss of interest income.
Mortgage lenders are obligated to disclose prepayment penalties when a new mortgage is closed.
Therefore, the answer is prepayment penalty.
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