If the Amount You Owe on Your House Is Greater

question 238

Multiple Choice

If the amount you owe on your house is greater than the price of the house, you have

• A)no value to your house.
• B)a mortgage rate that is too high.
• C)negative equity in your house.
• D)a reverse mortgage on your house.
• E)a traditional mortgage.

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Definitions:

Agreeableness

One of the five major personality traits, indicating an individual's propensity towards cooperation, compassion, and social harmony.

Nature

The inherent features, phenomena, or ecological systems of the physical world, excluding humans and human creations.

Attitudes

A predisposition or a tendency to respond positively or negatively towards a certain idea, object, person, or situation.

Modes of Thinking

Modes of thinking refer to the various cognitive processes and strategies an individual uses to process information, solve problems, and make decisions.