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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