Recently,15-Year Mortgages Have Increased in Popularity Amongst Both Borrowers and Lenders.Which

question 27

Multiple Choice

Recently,15-year mortgages have increased in popularity amongst both borrowers and lenders.Which of the following groups of borrowers would typically be the least interested in
A 15-year mortgage?

• A)Mature households with minimal financial constraints
• B)First-time homebuyers
• C)Homeowners who are refinancing to obtain a lower rate than is available on a comparable 30-year mortgage
• D)Homeowners who are interested in selling their property within five years

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The act of increasing the output of goods or services, typically in response to higher demand or improved efficiency.

U.S. Economy

The economic system of the United States, characterized by a mixed economy with a high level of output, innovation, and diversity of goods and services.

Mixed Economy

An economic system blending elements of market capitalism with some form of government intervention and public enterprise.

Barter Economy

An economic system where goods and services are exchanged directly for other goods and services without using money.