Which one of the following is true about prepayment, Ask an Expert

Management Studies

Which one of the following is TRUE about Prepayment penalties?

(A) They are never used with residential mortgages

(B) They lower the effective cost if the loan is repaid before maturity

(D) They are not included in the APR calculation

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M91260168

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