> You could (no idea why you would) borrow $1MM and immediately pay it back befo... | Hacker News

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thaumasiotes on Dec 20, 2021 | parent | context | favorite | on: Learn accounting for free

> You could (no idea why you would) borrow $1MM and immediately pay it back before owing any interest.

Can you in fact do that? It's possible with a residential mortgage in the US, because there are laws prohibiting prepayment penalties. And I think even those don't apply to refinanced mortgages?

avianlyric on Dec 21, 2021 [–]

Yes, just because it’s hard to find a lender that will except those terms doesn’t mean it’s not possible.

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