The Two Primary Advantages of a 15-Year Mortgage Over a 30-Year

question 153

Multiple Choice

The two primary advantages of a 15-year mortgage over a 30-year mortgage are

• A) lower payments and prepayment privileges.
• B) lower interest rate and lesser interest charges over the life of the loan.
• C) greater financial flexibility and no prepayment penalties.
• D) easier qualification criteria and more affordable initially.
• E) None of the above.

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Depressive And Bipolar

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