On a Fixed Rate Mortgage

question 135

Multiple Choice

On a fixed rate mortgage,

• A)the contract rate and the monthly interest payment remain constant over the term of the loan.
• B)the contract rate and the monthly mortgage payment remain constant over the term of the loan.
• C)the contract rate and the monthly repayment of principal remain constant over the term of the loan.
• D)the contract rate,the monthly mortgage payment,the monthly interest payment,and the repayment of principal remain constant over the term of the loan.

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