When comparing a 15-year fully amortizing fixed rate mortgage loan to a 30-year fully amortizing fixed rate mortgage loan of the same principal amount from the same lender originated at the same time, the 30-year fully amortizing fixed rate mortgage loan will have:

a. Less total interest paid over the life of the loan

b. Slower amortization of the principal balance

c. Higher monthly payments

Real estate buyers should purchase title insurance at the time of acquisition:

a. To insure the lender from title claims made after the loan has been repaid

b. To insure the buyer for any and all claims that may be made against the title to the property

c. To insure the buyer for covered claims against the title in the amount of the purchase price

d. To remove all known and unknown title defects before acquisition