American_Bankers_Association
CTFA · Question #244
A loan on which payments equal to half the regular monthly payments is called:
The correct answer is A. Biweekely mortgage. See the full explanation below for the reasoning.
Investment Management
Question
A loan on which payments equal to half the regular monthly payments is called:
Options
- ABiweekely mortgage
- BSemiweekely mortage
- CGrowing equity mortgage
- DNone of these
How the community answered
(33 responses)- A82% (27)
- B9% (3)
- C6% (2)
- D3% (1)
Topics
#biweekly mortgage#mortgage payment structure#amortization schedule
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