.- prepayment notice - not less than 30 days (that's fine)- prepayment penalty - "The prepayment shall be accompanied by all accrued and unpaid interest and all late charges, fees, and costs due from Borrower to the Bank plus the Bank shall be entitled to charge and collect a prepayment premium of 5% in year 1, 4% in year 2, 3% in year 3, 2% in year 4, and 1% in year 5.

I can see that we need to get that basement finished as soon as possible, but I would not want to tap into credit cards anymore, I paid off high interest portion of the credit card balance incurred from repairs and the deferred interest is going to end soon which was about half of the total balance of 25k, so this summer it will start accruing interest and I would want to pay it off soon.

You can also put in a Indexed universal life policy which will allow you to gain interest while decide what you want to do and then later you can borrow against the cash value while it still accrues interest.

It also accrues eight (8) percent interest annually until the deferral is removed.

Interest accrues in arrears.  

They don’t talk to me anymore   The hoa charges it into my unit account so it accrues late payment fees that are very high.

This has generated a wave of litigation over whether (1) the statute of limitations even applies to foreclosures and, if so, (2) when a cause of action to foreclose "accrues" for limitations purposes.The answers to these questions vary from state to state.

Property 5 The initial term of this Straight Note Agreement shall be for the term of Six Months (6) (the “Initial Term”) commencing on the date this Promissory Note Agreement is executed by authorized officers of XXX, LLC and Lender (individual name)Borrower shall have the right to prepay all (but not a portion) of the indebtedness evidenced by this Note at any time, by paying the Lender an amount equal to the sum of (I) the principal balance then outstanding and (ii) all interest accrued to the date of such prepayment.Lender and Borrower intend that the relationship created and evidenced by this Note and the Loan Documents shall be solely that of debtor and creditor.

(and certainly not all the extra interest that accrued at the default interest rate. )Question :  Do we, as investors, then get to claim a tax loss or write-off for all the interest (including the default interest & extension-points) that was not paid?

I have 7 rental properties and have accrued cash in the bank.