Mortgage Prepayments Are Best Defined by Which One of the Following

question 4

Multiple Choice

Mortgage prepayments are best defined by which one of the following?

• A)reducing the mortgage according to a schedule over the life of the mortgage
• B)paying a monthly mortgage payment before the regular due date
• C)paying off the principal faster than required by the amortization schedule
• D)paying a cash deposit when purchasing a property
• E)paying each mortgage payment as scheduled

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Definitions:

Bladder

A hollow organ in the lower abdomen that stores urine from the kidneys before disposal.

Excretion

The biological process by which organisms remove waste products from their bodies to maintain homeostasis.

Urine

Fluid that consists of water and soluble wastes; formed and excreted by the vertebrate kidneys.

Urination

The process of excreting urine from the urinary bladder through the urethra to the outside of the body, an essential function for eliminating waste.