A Newly Married Couple Is Having Trouble Affording a Home

question 60

Multiple Choice

A newly married couple is having trouble affording a home.What type of mortgage arrangement would reduce the monthly payment as a result of an interest rate subsidy from a builder or real estate developer?

• A)FHA-insured loan
• B)Balloon mortgage
• C)Buy-down
• D)Shared-appreciation mortgage
• E)Growing-equity mortgage

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Definitions:

Influence

The ability to influence the personality, growth, or actions of an individual or entity.

Providing Information

The act of giving data or facts to enhance knowledge or understanding.

Setting Norms

The process of establishing acceptable behaviors and expectations within a group or society.

Facial Expressions

Facial expressions are configurations of the facial muscles that convey the emotional states of an individual to observers.