Convertible home mortgages permit the borrower to
A) convert an adjustable-rate mortgage to a fixed rate mortgage at some future time period.
B) convert a 15-year mortgage to a 30-year mortgage.
C) convert a 30-year mortgage to a 15-year mortgage.
D) avoid a repayment of the outstanding loan balance at the sale of a home and thus provide seller financing.
Correct Answer:
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