Question: When a lender would let you pay off your loan partially or in its entirety earlier than the due date, what is the statement in
When a lender would let you pay off your loan partially or in its entirety earlier than the due date, what is the statement in a mortgage contract called?
Question 3 options:
|
|
|
| A) | Advance payment bonus |
|
|
|
| B) | No extra payment |
|
|
|
| C) | Prepayment penalty |
|
|
|
| D) | No prepayment penalty |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
