Which One of the Following Statements Correctly Applies to an Unseasoned

question 12

Multiple Choice

Which one of the following statements correctly applies to an unseasoned mortgage?

• A)The mortgage is less than 30 months old.
• B)The mortgage is still held by the original mortgage company.
• C)The mortgage has at least one term or provision that is uncommon to most mortgages.
• D)The mortgage has an adjustable interest rate that has not been adjusted to date.
• E)The mortgage was obtained by a first-time home owner.

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Definitions:

Fraternal Twins

Twins that develop from two separate eggs fertilized by different sperm cells, sharing about 50% of their DNA, similar to regular siblings.

Identical Twins

Identical twins result from a single fertilized egg splitting and developing into two individuals with exactly the same genetic material.

Intelligence

The ability to learn from experience, adapt to new situations, understand and handle abstract concepts, and use knowledge to manipulate one's environment.

Personality Traits

Enduring characteristics that describe an individual's behavior, such as introversion, extroversion, and agreeableness.