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7 Which of the following is NOT a typical characteristic of a mortgage note payable? 1 pts Monthly payments are first applied to the portion
7 Which of the following is NOT a typical characteristic of a mortgage note payable? 1 pts Monthly payments are first applied to the portion of the mortgage payable due with the excess applied to interest Typically long-term (15+ years) Typically bears a fixed or adjustable rate of interest Typically includes a monthly payment that includes both monthly interest and a portion of the principal
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