A Disadvantage of Paying Off Your Mortgage with All Your

question 34

Multiple Choice

A disadvantage of paying off your mortgage with all your remaining liquid funds is that

• A)you likely make higher interest with your liquid funds.
• B)you could incur an unanticipated expense you cannot pay.
• C)you might not be able to qualify for another loan.
• D)early repayment could damage your credit rating.

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Definitions:

Auto Theft

The act of stealing a car, truck, or other motor vehicles.

Security Devices

Tools and systems designed to detect, deter, or defend against theft, espionage, or harm to individuals and property.

Yakuza Gangs

Organized crime syndicates in Japan, involved in various illegal activities and known for their strict codes of conduct and hierarchical structures.

Japanese Society

The social structure, cultural norms, and practices of the people living in Japan.