How Long Is the Expected Average Life of a Mortgage

question 58

Multiple Choice

How long is the expected average life of a mortgage held in a pool of 30-year mortgages with a 100 PSA?

• A)14.68 years
• B)18.29 years
• C)21.33 years
• D)23.90 years
• E)25.25 years

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Definitions:

Children's Thinking

A term referring to the development and progression of cognitive abilities in children, including problem-solving, understanding, and learning processes.

Samoan And Vanuatu Children

Refers to young individuals from the Pacific Island nations of Samoa and Vanuatu, each having unique cultural and societal contexts.

Delayed Development

A slower than typical progression in the physical, cognitive, emotional, or social growth of a child.

South Pacific

A geographic region encompassing the southern part of the Pacific Ocean, including islands and countries like Fiji, Tonga, and Samoa.