Which of the Following Would Increase the Speed of Equity

question 53

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)making smaller deposit to the escrow account

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Definitions:

Ethnic Conflict

Disputes and hostilities between different ethnic groups, often resulting in violence and social unrest.

Gesellschaft

A type of society in which increasing importance is placed on the secondary relationships that are less intimate and more instrumental.

Gemeinschaft

German for community, a state characterized by a sense of common feeling among the members of a society, including strong personal ties, sturdy primary group memberships, and a sense of personal loyalty to one another; associated with rural life.

Pastoral Society

A social system based on the raising and herding of livestock as a primary economic activity.