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a) The amount of the loan |
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b) The period of time it will take to pay off a mortgage in full
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c) Payments that do not change even if the mortgage interest rate changes
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d) The current market value of a home or property minus the amount remaining on
the mortgage
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e) A mortgage with an interest rate that does not change during the term
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f) The amount of money you deposit when you first buy your home
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g) A mortgage that you can prepay at any time during the term, without charge
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h) Payments that may change as interest rates change
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i) A mortgage with an interest rate that can change during the term
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j) A mortgage with a variable interest rate that you can change to a fixed interest
rate
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k) A type of loan that allows the lender to take possession of secured property
if you don't repay the loan on time
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l) The amount you pay a lender for the use of the lender's money
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m) The length of time your mortgage agreement will be in effect
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n) A mortgage that you cannot prepay or change before the end of the term
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