Which of the Following Is True When the Mortgage Loan

question 14

Multiple Choice

Which of the following is true when the mortgage loan is an amortizing loan?

• A)At the beginning of the term of the loan the largest part of the payment is a paydown of principal,but a payments progress a rising portion is applied to interest payments.
• B)Interest payments and paydown of principal remain constant during the loan.
• C)At the beginning of the term of the loan the largest part of the payment is interest,but a payments progress a rising portion is applied to the paydown of principal.
• D)Paydown of principal occurs at the end of the loan.
• E)None of the above.

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