Multiple Choice
As payments are made, the amount of interest taken from a mortgage loan payment decreases and the amount applied to the principal increases. This is because of
A) appreciation.
B) variable interest rate.
C) amortization.
D) depreciation.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q16: A mortgage lender will lend based on
Q17: The relationship between the amount of money
Q18: In addition to the up-front mortgage insurance
Q19: Who must pay the discount points on
Q20: A home sells for $150,000 but is
Q22: Choose the most appropriate answer for each.<br>-the
Q23: Like FHA insurance, the object of private
Q24: Since the VA is guaranteeing the loan,
Q25: A loan that requires only interest payments
Q26: The homeowner has made regular mortgage payments