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Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322 Exercise 27
Which statement is correct about the right of prepayment of a home mortgage loan
A) All home mortgage loans have the right of prepayment without charge.
B) Most home mortgage loans have the right of prepayment without charge, but not all, and the borrower should check the loan carefully.
C) Home mortgage loans give the right of prepayment without charge only in some states.
D) Home mortgage loans never have the right of prepayment without charge unless it is explicitly stated
E) Home mortgage loans never have the right of prepayment without charge.
A) All home mortgage loans have the right of prepayment without charge.
B) Most home mortgage loans have the right of prepayment without charge, but not all, and the borrower should check the loan carefully.
C) Home mortgage loans give the right of prepayment without charge only in some states.
D) Home mortgage loans never have the right of prepayment without charge unless it is explicitly stated
E) Home mortgage loans never have the right of prepayment without charge.
Explanation
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Verified
B. Most home mortgage loans ha...
Real Estate Principles 3rd Edition by David Ling,Wayne Archer
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