Assume that a borrower has a choice between two comparable fixed-rate mortgage loans with the same interest rate, but different mortgage terms, one being a 30-year mortgage and the other a 15-year mortgage. If the borrower is not financially constrained, which of the following statements best describes the borrower's preference between the 30-year and 15-year mortgages?

Group of answer choices

The borrower is unable to compare mortgage loans of two different maturities

The borrower would prefer the 30-year mortgage

The borrower would prefer the 15-year mortgage

The borrower would be indifferent between the two mortgages