The Primary Disadvantage of a 15-Year Mortgage as Compared to a Longer

question 140

Multiple Choice

The primary disadvantage of a 15-year mortgage as compared to a longer mortgage is the

• A)speed of equity buildup.
• B)amount of interest paid.
• C)amount of the monthly payment.
• D)speed of debt payoff.

---

Definitions:

Norms

Attitudinal and behavioural uniformities that define group membership and differentiate between groups.

Internalised

The process of incorporating beliefs, attitudes, or standards into one's own value system or behavior.

Individual Self

The concept of oneself as a separate entity having unique thoughts, experiences, and abilities, distinct from others.

Empirical Evidence

Information that is acquired by observation or experimentation and serves as a foundation for knowledge in the scientific method.