Which of the following would increase the speed of equity growth for a homebuyer?
A) Making a down payment of 10 percent instead of 20 percent
B) Obtaining a mortgage interest rate of 9 percent instead of 8 percent
C) Obtaining a 15-year mortgage instead of a 30-year mortgage
D) Making larger deposits to the escrow account
E) Obtaining an interest-only mortgage
Correct Answer:
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