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Business, 27.10.2021 02:10 u8p4

When Chloe Armstrong pays off the 30-year conventional loan on her Oceanside home in less than 20 years, she is thrilled. However, she is not nearly as happy when she reads the fine print on the contract, which permits her lender to charge her EXTRA interest just for paying off the loan early. This is known as:. a. Suborgation.
b. A prepayment penalty.
c. A subordination clause.
d. An acceleration clause.

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When Chloe Armstrong pays off the 30-year conventional loan on her Oceanside home in less than 20 ye...
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