Recently,15-Year Mortgages Have Increased in Popularity Amongst Both Borrowers and Lenders.Which
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
Q2: Given the following information on an interest-only
Q7: From the borrower's perspective, the effective borrowing
Q9: For the purposes of estimating the effective
Q10: Given the following information on a 30-year
Q11: The monthly mortgage payment divided by the
Q13: With the recent popularity of adjustable-rate mortgages
Q14: One reason why adjustable-rate mortgages (ARMs) have
Q16: In considering a 3/1 adjustable-rate mortgage (ARM),
Q18: The APR can be a controversial measure
Q20: Required by the Truth-in-Lending Act, the annual
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents