Which of the Following Is True of Conventional Fixed-Rate Mortgages

question 40

Multiple Choice

Which of the following is true of conventional fixed-rate mortgages?

• A)It has a rate of interest that changes according to fluctuations in the index to which it is tied.
• B)It involves no government backing by either insurance or guarantee.
• C)It has a fixed interest rate during the life of the mortgage,where the monthly payments by mortgagor increase over the term of the loan.
• D)It has comparatively low fixed payments during the life of the mortgage,followed by one large final payment.

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Definitions:

Antidiuretic Hormone

A hormone released by the pituitary gland that regulates the body's retention of water by increasing the absorption of water in the kidneys.

Hypothalamus

A region of the brain responsible for the regulation of various bodily functions, including temperature, hunger, and the release of hormones.

Nervous System Connection

The complex network of neurons and synapses that facilitate communication between different parts of the body and the brain, enabling sensation, movement, and thought.

Hypothalamus

A region of the brain responsible for the regulation of certain metabolic processes and activities like temperature control, hunger, and sleep cycles.