Which of the Following Is the Primary Reason That a Mortgage

question 43

Multiple Choice

Which of the following is the primary reason that a mortgage lender may allow a rate modification to an existing mortgage holder with a fixed-rate mortgage?

• A) The lender receives a one-time fee.
• B) The borrower may obtain a new mortgage from another lender.
• C) The borrower receives a lower interest rate.
• D) The borrower does not have to pay closing costs.

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Definitions:

RMS Phase Current

The root mean square value of the current in one phase of a multi-phase system, providing a measure of the effective current level.

Instantaneous Peak Value

The highest absolute value of a varying quantity (voltage or current) at a given instant.

Triplens

Harmonics in an electrical system that are multiples of the third harmonic (e.g., 3rd, 9th, 15th), often causing additional heating in neutral wires.

Sequence

The order in which events, movements, or things follow each other or are arranged serially.