Which of the Following Would Increase the Speed of Equity

question 32

Multiple Choice

Which of the following would increase the speed of equity growth for a homebuyer?

• A)making a down payment of 10 percent instead of 20 percent
• B)obtaining a mortgage interest rate of 9 percent instead of 8 percent
• C)obtaining a 20-year mortgage instead of a 25-year mortgage
• D)making larger deposits to the escrow account
• E)making smaller deposit to the escrow account

---

Definitions:

Party

An entity or individual that participates in a legal agreement or is engaged in a lawsuit.

Substituted Contract

An agreement that replaces a previous contract, containing new terms that all parties agree upon, effectively nullifying the original agreement.

Solar Power Shingles

Roof shingles designed to absorb sunlight and convert it into electricity, serving as both a roofing material and a source of renewable energy.

Asphalt Shingles

Asphalt shingles are a type of roofing material made from fiberglass or organic materials saturated with asphalt and coated with mineral granules, used for waterproofing roofs.