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 Refinancing 2 Preapproved loan 3 Trade-in 4 Prepayment penalty 5 Mortgage 6 Balloon payment 7 Rent to own agreement 8 Down payment 9 Debt repayment plan Paying off an existing loan with a new loan that usually has better terms 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 cash deposit towards the purchase price that is paid up front. A large lump sum payment that must be paid at a set time. A fee charged if you repay a loan before the agreed upon time. A loan used to purchase real estate A strategy for paying off debt in a way that reduces the total interest paid A contract on which a portion of the renter's monthly payment is applied towards the purchase price of the rented item.
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