About prepayment penalties

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Reference no: EM13720781

Which one of the following is TRUE about Prepayment penalties?

(A) They are never used with residential mortgages

(B) They lower the effective cost if the loan is repaid before maturity

(D) They are not included in the APR calculation

Reference no: EM13720781

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About prepayment penalties : Which one of the following is TRUE about Prepayment penalties?

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