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 Down payment 2 Debt repayment plan 3 Mortgage 4 Prepayment penalty 5 Balloon payment 6 Trade-in 7 Rent to own agreement 8 Preapproved loan 9 Refinancing A strategy for paying off debt in a way that reduces the total interest paid A cash deposit towards the purchase price that is paid up front. A fee charged if you repay a loan before the agreed upon time. A loan for which a maximum amount is established and approved in advance Something of value applied towards the down payment of a new purchase A loan used to purchase real estate A contract on which a portion of the renter's monthly payment is applied towards the purchase price of the rented item. 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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