Relacionar Columnas Long term debt repaymentVersión en línea Answer the questions using the information on pp 258-264 in the text book por Jeni Garcia 1 Rent to own agreement 2 Trade-in 3 Prepayment penalty 4 Debt repayment plan 5 Mortgage 6 Preapproved loan 7 Balloon payment 8 Refinancing 9 Down payment Something of value applied towards the down payment of a new purchase A contract on which a portion of the renter's monthly payment is applied towards the purchase price of the rented item. A fee charged if you repay a loan before the agreed upon time. A cash deposit towards the purchase price that is paid up front. A loan for which a maximum amount is established and approved in advance A loan used to purchase real estate A strategy for paying off debt in a way that reduces the total interest paid A large lump sum payment that must be paid at a set time. Paying off an existing loan with a new loan that usually has better terms
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