In Choosing an Open Mortgage Over a Closed Mortgage,you Should

question 26

True/False

In choosing an open mortgage over a closed mortgage,you should consider the likelihood of being able to prepay principal to make up for the higher interest rate on the open mortgage.

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Definitions:

Second Language

A language learned by a person in addition to their native language.

Lingua Franca

A language systematically used to make communication possible between people not sharing a mother tongue, in particular for trade, diplomacy, or cultural exchanges.

Cultural Dimensions

Theoretical frameworks that describe the effects of a society’s culture on the values of its members, and how these values relate to behavior.

Uncertainty Avoidance Index

a measure used in cultural studies to indicate the degree to which a society tolerates uncertainty and ambiguity.