Rebecca Paid Extra Money to Reduce Her Mortgage Interest Rate

question 64

Multiple Choice

Rebecca paid extra money to reduce her mortgage interest rate. That extra money is called

• A) Amortization.
• B) Escrow.
• C) Lock.
• D) PMI.
• E) Points.

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Definitions:

Human Resource Management

The strategic approach to the effective and efficient management of people in a company or organization in a way that helps their business gain a competitive advantage.

Communicate

To share or exchange information, ideas, or feelings with someone else through speaking, writing, or other forms of expression.

Administrative Function

Activities related to managing an organization's operations, including planning, organizing, directing, and controlling resources.

Human Resource Management

The strategic approach to the effective management of people in an organization, focusing on policies and systems to maximize employee performance in service of an employer's strategic objectives.