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Lucy has just obtained a five-year fixed-rate mortgage to buy her first home. The mortgage is amortized over 30 years. Which of the following statements

Lucy has just obtained a five-year fixed-rate mortgage to buy her first home. The mortgage is amortized over 30 years. Which of the following statements is most correct?

A

Lucys payments wont change for the next 30 years.

B

Lucys payments wont change for the next 5 years.

C

Lucys payments will increase as the term of the mortgage increases.

D

Lucys payments will decrease as the term of the mortgage increases.

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