1. Explain why the portions of a monthly mortgage payment that are allocated toward interest and toward...

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1. Explain why the portions of a monthly mortgage payment that are allocated toward interest and toward principal will vary as the loan is repaid.
2. Distinguish between a conventional mortgage loan and an adjustable-rate loan.
3. Identify the two ways that homebuyers build equity in their property.

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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