Finance
A North Dakota borrower who wants to pay off their mortgage early should check their loan documents for:
AAn acceleration clause
BA prepayment penalty clause✓ Correct
CA due-on-sale clause
DAn alienation clause
Explanation
A prepayment penalty clause in the mortgage documents specifies fees charged if the borrower pays off the loan early. While many modern loans (especially FHA and VA) prohibit prepayment penalties, conventional loans may include them.
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