Question: I need help QUESTION 2 In a fixed rate, constant payment fully amortizing loan, amortization payments increase over time while interest payments decrease. True False
QUESTION 2 In a fixed rate, constant payment fully amortizing loan, amortization payments increase over time while interest payments decrease. True False QUESTION 3 All else being equal (LTV, maturity. Interest rate), an interest-only loan has a lower monthly payment than a constant payment fully amortizing loan but incurs more interest expense over time True False QUESTION 4 Fannie Mae and Freddie Mac are specialisti in originating home loans True False QUESTIONS Under the PSA Prepayment Model a borrower is more likely to prepay their mortgage in the 40th month than in the oth month True False
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