2/28 Mortgages Have a Below Market Interest Rate for Some

question 149

Multiple Choice

2/28 mortgages have a below market interest rate for some initial period because

• A)the lender expects to receive higher payments after the readjustment.
• B)the borrower has a high credit score.
• C)initial rates are subsidized by the government.
• D)the lender shares in the appreciation in the market value of the home.

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