Definitions for "Deferred establishment fee"
Keywords:  penalty, shortly, few, exit, paid
The penalty imposed by a lender when the borrower pays off the loan.
Penalty charged by the lender when a loan is paid off in full, this applies within a specified period of time (usually within 5 years).
Also called exit fee. A fee charged by the lender when a borrower refinances out of the lender’s loan within the first few years of the loan. Varies between lenders and between loans.