The Main Advantage of a Pledged Account Mortgage for the Borrower

question 8

Multiple Choice

The main advantage of a Pledged Account Mortgage for the borrower is:

• A) the lower interest rate
• B) the lower required down payment
• C) the lower total finance charge
• D) the lower initial payment and affordability

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Definitions:

CFCs

stands for chlorofluorocarbons, which are compounds previously used in aerosols, refrigerants, and foam blowing agents that contribute to ozone layer depletion.

Political Community

A group of people who share a common political identity or ideology and are often governed under the same political structure or system.

Scientific Community

A group of scientists and researchers who collaborate and communicate their findings and theories across various disciplines.

Ozone-Depleting Substances

Ozone-Depleting Substances are chemicals that cause the depletion of the ozone layer, which protects the Earth from harmful ultraviolet radiation.