Remitting principal pre-payments to an adjustable rate mortgage in addition to the regular periodic payments, affects the ________?
A. Loan term
B. Overall interest expenditure
C. Future payment amount
D. Future interest rate
Answer:C
Remitting principal pre-payments to an adjustable rate mortgage in addition to the regular periodic payments, affects the ________?
A. Loan term B. Overall interest expenditure C. Future payment amount D. Future interest rate