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Which of the following is a characteristic of a prepayment penalty? O A. It must be disclosed by the lender O B. It encourages homeowners to pay off their mortgage early. O C. It increases the interest
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Which of the following is a characteristic of a prepayment penalty?

O
A. It must be disclosed by the lender
O
B. It encourages homeowners to pay off their mortgage early.
O
C. It increases the interest rate on the mortgage.
O
D. It increases the monthly mortgage payment.

Which of the following is a characteristic of a prepayment penalty? O A. It must be-example-1
User Pedrohdz
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Answer: A, It must be disclosed by the lender

Step-by-step explanation: i just took the test

User Rijo
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