Which of the Following Would Increase the Speed of Equity

question 46

Multiple Choice

Which of the following would increase the speed of equity growth for a homebuyer?

• 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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Definitions:

Dependency

In psychology, refers to a reliance on substances, behaviours, or other individuals that affects one's mental or physical health.

Major Neurocognitive Disorders

Previously known as dementia, these disorders involve significant cognitive decline from a previous level of performance in one or more cognitive domains.

Age Increases

Refers to the natural, chronological advancement in age which is often associated with changes in physical, psychological, and social aspects of an individual's life.

Exponentially

At a rapidly increasing rate, where growth becomes quicker and more significant with each passing stage.