On a fixed rate mortgage,
A) the contract rate and the monthly interest payment remain constant over the term of the loan.
B) the contract rate and the monthly mortgage payment remain constant over the term of the loan.
C) the contract rate and the monthly repayment of principal remain constant over the term of the loan.
D) the contract rate,the monthly mortgage payment,the monthly interest payment,and the repayment of principal remain constant over the term of the loan.
Correct Answer:
Verified
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