2467000
Beschreibung
Karteikarten von dylan_earl, aktualisiert more than 1 year ago
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Erstellt von dylan_earl
vor mehr als 9 Jahre
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| Frage | Antworten |
| The lender can call the loan at the end of any term, technically. T/F | True |
| Why would a lender call a loan before amortization? | You are inconsistent with payments or national financial crisis when the bank needs money. |
| What are the Three (+1) R's for Renewal? | Retire: Pay it all off Renew: Keep going Refinance: Shop, new rate etc. Transfer: Switch to new lender without discharging mortgage |
| You always have to pay for a renewal fee | False. If you have been paying faithfully, you don't have to pay. Fight it. - Jane Londerville |
| Why would someone renew early? Why would the lender be down? | Capture lower interest rates. Increase duration of owing the bank = more money for them. |
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