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8. Which of the following statements regarding accelerating payments is TRUE? (1) The accelerated biweekly payment method is typically most beneficial for mortgage loan borrowers
8. Which of the following statements regarding accelerating payments is TRUE? (1) The accelerated biweekly payment method is typically most beneficial for mortgage loan borrowers who are paid monthly. (2) Assuming that mortgage payments are constant, the more frequent mortgage payments are made, the longer the loan's amortization period will become. (3) Accelerating payments enable mortgage loan borrowers to pay off mortgage loans faster and reduce their interest costs. (4) Accelerating payments will increase interest payments for mortgage loan borrowers
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