In Choosing an Open Mortgage Over a Closed Mortgage,you Should

question 26

True/False

In choosing an open mortgage over a closed mortgage,you should consider the likelihood of being able to prepay principal to make up for the higher interest rate on the open mortgage.

---

Definitions:

Consumers

Individuals or entities that purchase goods or services for personal use, not for manufacture or resale, playing a central role in economies by driving demand.

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture.

Ethical Values

Fundamental beliefs about what is right, wrong, good, or bad in terms of human behavior and interactions.

Doing Business

The act of engaging in commercial, industrial, or professional activities with the aim of earning profits.