Question: 3. A Constant Payment Mortgage has a: a. constant amount of amortization b. variable rate of interest at the end of the loan c. coverts

3. A Constant Payment Mortgage has a:

a. constant amount of amortization

b. variable rate of interest at the end of the loan

c. coverts to a variable rate loan after a few years

d. fixed required payment throughout the life of the loan

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