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How is the amount of a mortgage determined? Question content area bottom A. The amount of the mortgage is predetermined percentage of the sale price

How is the amount of a mortgage determined? Question content area bottom

A. The amount of the mortgage is predetermined percentage of the sale price that the buyer initially pays to the seller.

B. The amount of the mortgage is equal to the down payment on a home.

C. The amount of the mortgage is equal to the sale price of the home.

D. The amount of the mortgage is the difference between the sale price of the home and the down payment.

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