Refm prerequisite iii - Study guides, Class notes & Summaries

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REFM Prerequisite III Question and answers verified to pass 2024/2025
  • REFM Prerequisite III Question and answers verified to pass 2024/2025

  • Exam (elaborations) • 3 pages • 2024
  • REFM Prerequisite III Question and answers verified to pass 2024/2025 REFM Prerequisite III (what is) amortization - correct answer the repayment schedule for the mortgage loan principal what does principal mean - correct answer the capital amount borrowed another term for interest-only loan - correct answer zero-amortization (bullet) loan how does an interest-only loan work? - correct answer interest is paid on the outstanding principal until the time of the final monthly p...
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