
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:
Verified
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