Question: Question 2 9 3 . 3 3 pt Amortizing a fixed rate mortgage loan means that: None of the provided answers is correct. a long

Question 29
3.33 pt
Amortizing a fixed rate mortgage loan means that:
None of the provided answers is correct.
a long term loan is converted to s short term loan.
interest is paid first entirely, and then the principal.
the fived-rate Ioan is comverted to an offeretable rate houn.
the equity in the house declines as the loan is paid down.
the loan is underwritten to FNMA /FHLMC guidelines.
the loan is repaid in equal, consecutive payments over the Iffe of the loan.
Question 2 9 3 . 3 3 pt Amortizing a fixed rate

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