Which one of the following statements correctly applies to an unseasoned mortgage?
A) The mortgage is less than 30 months old.
B) The mortgage is still held by the original mortgage company.
C) The mortgage has at least one term or provision that is uncommon to most mortgages.
D) The mortgage has an adjustable interest rate that has not been adjusted to date.
E) The mortgage was obtained by a first-time home owner.
Correct Answer:
Verified
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