The monthly interest on your adjustable-rate mortgage was $690. You paid $650 as your monthly payment on the loan leading to an increase in the principal balance. This is an example of a(n) :
A) growing equity.
B) negative amortization.
C) fixed interest expense.
D) shrinking principal.
E) indexed equity.
Correct Answer:
Verified
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Q46: With prequalification, a buyer can:
A)negotiate a price
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A) Down payments
B)
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