Which of the Following Is the Primary Reason That a Mortgage

question 43

Multiple Choice

Which of the following is the primary reason that a mortgage lender may allow a rate modification to an existing mortgage holder with a fixed-rate mortgage?

• A) The lender receives a one-time fee.
• B) The borrower may obtain a new mortgage from another lender.
• C) The borrower receives a lower interest rate.
• D) The borrower does not have to pay closing costs.

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Definitions:

Faith Ringgold

An American artist renowned for her narrative quilts that communicate political messages, particularly relating to civil rights and feminist movements.

Primary Material

The original or main materials used in studies, research, or art, often providing direct evidence or firsthand accounts.

Maya Lin

An American architect and artist known for her minimalist works and environmental art, including the Vietnam Veterans Memorial.

Minimalist Sculpture

An art movement that emerged in the 1960s, characterized by simple, geometric forms and a lack of personal expression to focus on the artwork itself.