1. The primary benefit of choosing biweekly mortgage payments versus monthly payments is the savings from lowering the average amount paid each month. A) True B) False 2. When calculating the cash equivalent value of an assumable loan, you find the present value of the poyments using the: A) Contract interest rate B) Incremental borrowing cost C) Market interest rate D) Effective cost of borrowing 3. If mortgage interest rates increase, demand for purchased housing tends to increase. A) True B) False 4. The market value of a loan is: A) The present value of remaining payments B) The future value of remaining payments C) The loan balance times one minus the market rate D) The loan balance times one minus the original rate