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Which of the following statements is / are true about 1 5 - year and 3 0 - year fixed - payment mortgages with monthly
Which of the following statements isare true about year and year fixedpayment mortgages with monthly payments?
A A year mortgage wil! have more monthly payments than a year mortgage.
B Borrowers pay more total interest over the life of a year mortgage than on a year mortgage assuming the same interest rate on both mortgages.
C The remaining balance on a year loan declines more quickly than on a year mortgage with the same interest rate.
Both A and B are true.
Both and are true.
Both A and are true.
All three A B and C are true.
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