what is ERC in English how to write it
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An ERC is a charge that can occur if you pay off your loan early or switch your mortgage within a certain time period. .ERCs are common with many fixed rates, capped rates, or cash back mortgages. An ERC can be calculated as equal to several months of the mortgage's interest. An ERC could run into thousands of pounds.
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E- Explain
E- reference
C-context
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