Solved

Recently, 15-Year Mortgages Have Increased in Popularity Amongst Both Borrowers

Question 1

Multiple Choice
Recently, 15-year mortgages have increased in popularity amongst both borrowers and lenders. Which of the following groups of borrowers would typically be the least interested in a 15-year mortgage?
A) Mature households with minimal financial constraints
B) First-time homebuyers
C) Homeowners who are refinancing to obtain a lower rate than is available on a comparable 30-year mortgage
D) Homeowners who are interested in selling their property within five years

Recently, 15-year mortgages have increased in popularity amongst both borrowers and lenders. Which of the following groups of borrowers would typically be the least interested in a 15-year mortgage?


A) Mature households with minimal financial constraints
B) First-time homebuyers
C) Homeowners who are refinancing to obtain a lower rate than is available on a comparable 30-year mortgage
D) Homeowners who are interested in selling their property within five years

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents