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Most people born before the middle 1990s can vividly recall where they were and what they were doing on the day of the 9/11 World Trade Center attacks,although they cannot remember what they were doing the day before the event.The 9/11 memory is an example of a/an:
Second Mortgage
A type of subordinate mortgage made while an original mortgage is still in effect, securing the collateral by the same property.
Amortized Loan
A loan with scheduled periodic payments that cover both interest and principal over a specific time period.
Monthly Mortgage Payment
The amount that is paid each month by a borrower to a lender for a home loan, which often includes principal, interest, taxes, and insurance.
Amortized Loan
A loan with scheduled periodic payments that consist of both principal and interest, typically enabling the loan to be paid off by its maturity date.
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