Brenda Borrow is considering a loan so that she can finance the purchase of Real Estate. Brenda has researched the fact that a Fully Amortized Mortgage real estate loan for a period of 30 years will obligate her to pay $1400 per month over the life of the loan. Brenda cannot afford the $1400 per month payment - not yet anyway. Perhaps later - when her job begins paying her more salary - she could afford the $1400 per month payment. Now Brenda can only afford to pay $1100 per month. Brenda has been told of an arrangement called a "Graduated Payment Mortgage." Discuss the concept of a "Graduated Payment Mortgage." Discuss the mechanics of the loan and discuss the pitfalls of the loan. Compare the "Graduated Payment Mortgage" with the "Fully Amortized Mortgage." Advise Brenda regarding the selection of the mortgage type.