Multiple Choice
You made a $900 mortgage payment. The interest of $925 on the mortgage for this month leads to an increase in the principal balance. You have:
A) experienced negative amortization.
B) signed up for a conventional mortgage.
C) refinanced your loan.
D) taken a fixed-rate mortgage.
E) accepted a buydown.
Correct Answer:
Verified
Correct Answer:
Verified
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