A Possible Advantage of FHA and VA Mortgages Can Be

question 112

Multiple Choice

A possible advantage of FHA and VA mortgages can be:

• A)higher debt ratios are required of buyers.
• B)loans may be assumable.
• C)the high interest loans are attractive.
• D)the monthly payments will always be higher than those of other mortgages.
• E)higher down payments are required of buyers.

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Definitions:

Labor

Human input, involving both muscle and mind work, in the output of goods and services.

Production Function

A model that defines the maximum output that can be produced with a given set of inputs under current technology.

Plastic

A wide range of synthetic or semi-synthetic materials that are used in the production of industrial products, packaging, and consumer items.

Wood

A hard, fibrous material made from trees or shrubs, often used for construction, furniture, and fuel among other applications.