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    Real Estate Finance
  4. Exam
    Exam 4: The Early History of Residential Finance and Creation of the Fixed Rate Mortgage
  5. Question
    A Prepayment Penalty in a Mortgage Has the Effect of ________
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A Prepayment Penalty in a Mortgage Has the Effect of ________

Question 25

Question 25

Multiple Choice

A prepayment penalty in a mortgage has the effect of ________ the APR.


A) increasing
B) decreasing
C) doesn't affect
D) cannot determine the effect

Correct Answer:

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