Mortgages Quizzes-A "prepayment penalty" is always - E-PersonalFinance
    • Answer to Quiz
    College Saving
    A "prepayment penalty" is always included in mortgage loan documents:
    Answer: (b), false
    A "prepayment penalty" is a fee imposed by a lender in the event a loan is paid off before its maturity dates. The prepayment penalty clause must be included within the loan documents. Not all loans have a prepayment penalty clause.


    Next Quiz:
    College Saving
    A "teaser rate" is:




  • Word of the Day
    Word of the Day

    Eurobond

    A "eurobond" is a debt obligation that has been issued in one country's currency...

    Read more
    • Copyright © By unibs.co.uk All rights Reserved