Which of the following statements regarding a 15-year (180-month) $125,000, fixed-rate mortgage is CORRECT? (Ignore taxes and transactions costs.) The remaining loan balance after three years will be $ 125,000 minus one third of the interest paid during the first three years. The outstanding loan balance declines at a faster rate in the later years of the loan's life. Because the outstanding loan balance declines over time, the monthly payments will also decline over time. Interest payments on the mortgage will increase steadily over time, but the total amount of each payment will remain constant. ob. Oc Od