A Possible Disadvantage of FHA and VA Mortgages Can Be

question 60

Multiple Choice

A possible disadvantage of FHA and VA mortgages can be:

• A)higher debt ratios for buyers.
• B)a longer processing time due to a backlog of applications.
• C)loans may be assumable.
• D)the monthly payments will always be higher than those of other mortgages.
• E)the high down payment requirements.

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Definitions:

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, meaning that the consumer has no preference for one bundle over the other.

Apples

Commonly refers to the fruit of the apple tree, but in economic terms, it can represent a simple, tangible commodity for analysis.

Bananas

A fruit that is long and curved with a soft, sweet flesh covered by a yellow peel when ripe, commonly consumed worldwide.

Nuts

Typically refers to edible seeds enclosed in a hard shell, often considered both a source of nutrition and a staple in various cuisines.