A ________ mortgage is designed to let the homeowner pay off the mortgage early.Payments begin at the 30-year fixed rate,then increase each year.

Name: A ________ mortgage is designed to let the homeowner pay off the mortgage early.Payments begin at the 30-year fixed rate,then increase each year.
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A growing equity mortgage allows the homeowner to pay off the mortgage early by starting with payments at the 30-year fixed rate and increasing them each year, which reduces the principal balance faster.

A ________ Mortgage Is Designed to Let the Homeowner Pay