Refm prerequisite iii - Study guides, Class notes & Summaries

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...