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A Mortgage Loan That Would Allow a Borrower to Repay

Question 25

Multiple Choice

A mortgage loan that would allow a borrower to repay none of the principal of the debt over the first few (typically five or ten) years of the mortgage could be called


A) a "zero-down" mortgage.
B) an "interest-only" mortgage.
C) a "zero-interest" mortgage.
D) all of the options are correct.

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