Which of the following statements concerning shared appreciation mortgages is false?
A) Even when the value of the home declines,the lender receives a minimum percentage of your equity in the home.
B) They typically have a lower contract rate than traditional home mortgages.
C) They typically allow you to qualify for a more expensive home.
D) If you have not sold the home when the mortgage matures,you still have to pay the lenders' share of the home's appreciation.
Correct Answer:
Verified
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