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A big advantage to the borrower of a 15-year mortgage loan compared to a 30-year mortgage loan is that a. far less interest will be 

A big advantage to the borrower of a 15-year mortgage loan compared to a 30-year mortgage loan is that a. far less interest will be paid over the life of the loan. b. it may be obtained with a smaller down payment. c. the borrower will be eligible for an ARM. d. the monthly payments will be less over the life of the loan.

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