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Which is true regarding a self amortizing

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Reference no: EM132944145

Problem 1: Which of the following is true regarding a self amortizing, fixed rate mortgage?

a It's easier for young households to qualify

b Having a fixed interest rate is always a benefit to a home mortgage

c You must get a 30 year loan for it to be fully amortized

d The interest rate is variable

e The PI part of the PITI payment of your loan never changes

Reference no: EM132944145

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