paying off a loan balance early.\na. is always a good idea if you can afford it.\nb. is never a good idea…

paying off a loan balance early.\na. is always a good idea if you can afford it.\nb. is never a good idea because of high fees.\nc. will always save homeowners some money.\nd. can save money if there is no prepayment penalty.

paying off a loan balance early.\na. is always a good idea if you can afford it.\nb. is never a good idea because of high fees.\nc. will always save homeowners some money.\nd. can save money if there is no prepayment penalty.

Answer

Brief Explanations:

Paying off a loan early can save money on interest if there's no prepayment penalty. High fees or penalties could make early - payoff unwise. It's not always beneficial as there might be better uses for the money.

Answer:

D. Can save money if there is no prepayment penalty.