How Long Is the Expected Average Mortgage Life of a Mortgage

question 55

Multiple Choice

How long is the expected average mortgage life of a mortgage held in a 30-year mortgage pool with a 100 PSA?

• A) 14.68 years
• B) 18.29 years
• C) 21.33 years
• D) 23.90 years
• E) 25.25 years

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Definitions:

Mentally Healthy Behavior

Actions or habits that promote psychological well-being, including coping effectively with stress, expressing emotions appropriately, and maintaining satisfying relationships.

Personal Actions

Actions undertaken by an individual that reflect choices, behaviors, and activities.

Mental Illness

A broad range of medical conditions that affect a person's thinking, feeling, mood, or behavior, such as depression, anxiety, bipolar disorder, or schizophrenia.

Consistently Sad

Experiencing a continuous state of sorrow or unhappiness over an extended period of time, often related to depression or mood disorders.