Which Payment Frequency,all Else Being Equal,will Generally Save You the Most

question 14

Multiple Choice

Which payment frequency,all else being equal,will generally save you the most interest over the life of your mortgage?

• A)Semi-monthly
• B)Biweekly
• C)Accelerated biweekly
• D)Weekly

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Definitions:

Casual

Something occurring by chance, happening informally, or without serious intention.

Political Process Theory

A theory in sociology that emphasizes the importance of political conditions in the development and outcomes of social movements.

Relative Deprivation Theory

A sociological theory suggesting individuals evaluate their wealth and social status in relation to others, feeling deprived if they perceive themselves as having less.

Value-Added Theory

A sociological theory that views social movements as having layered, accumulative causes such as structural strain, growth and spread of a solution, and the lack of social control.