Question
Anthony and Amy expect to settle down and purchase a home now that Anthony has a stable job with a solid long-term growth company. They
Anthony and Amy expect to settle down and purchase a home now that Anthony has a stable job with a solid long-term growth company. They are meeting with their loan officer to determine which mortgage would best suit their needs. Amy is a stay-at-home mom raising their two school-age children. She sometimes provides child care services for her immediate family members. Neither Anthony nor Amy have served in the military, Anthony and Amy want to secure a mortgage that offers the lowest monthly payment with a fixed interest rate. Based on this information, which mortgage would be the most appropriate choice?\ \ A)\ Adjustable-rate mortgage\ B)\ 30-year conventional mortgage\ C)\ 15-year conventional mortgage\ D)\ VA mortgage
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