Which of the following statements about fixed-rate mortgages is false? a. Fifteen-year mortgages have higher monthly payments
Question:
Which of the following statements about fixed-rate mortgages is false?
a. Fifteen-year mortgages have higher monthly payments than 30-year mortgages.
b. Scheduled monthly payments are constant over the life of the mortgage.
c. Actual monthly payments may vary over the life of the mortgage.
d. Actual monthly payments are never more than scheduled monthly payments.
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The false statement about fixedrate mortgages is c Actual monthly payments may vary over the life of ...View the full answer
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