Which One of the Following Statements Correctly Applies to an Unseasoned

question 12

Multiple Choice

Which one of the following statements correctly applies to an unseasoned mortgage?

• A)The mortgage is less than 30 months old.
• B)The mortgage is still held by the original mortgage company.
• C)The mortgage has at least one term or provision that is uncommon to most mortgages.
• D)The mortgage has an adjustable interest rate that has not been adjusted to date.
• E)The mortgage was obtained by a first-time home owner.

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