True/False
The amount of the payment made in excess of the monthly mortgage payment is called a prepayment.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q33: Mortgage originators can protect themselves against fallout
Q34: Which of the below statements is TRUE?<br>A)
Q35: A mortgage _.<br>A) is a collection of
Q36: Which of the below statements is FALSE?<br>A)
Q37: Loans that qualify as conforming loans have
Q39: _ is the risk that the homeowner/borrower
Q40: Freddie Mac and Fannie Mae receive a
Q41: Which of the below statements is TRUE?<br>A)
Q42: Mortgages are liquid assets because they tend
Q43: Homeowners seldom repay all or part of