Which of the Following Would Increase the Equity in a Home

question 78

Multiple Choice

Which of the following would increase the equity in a home at a faster rate?

• 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 15-year mortgage instead of a 30-year mortgage
• D)Making larger deposits to the escrow account
• E)Obtaining an interest-only mortgage

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