A 15-year mortgage will have larger monthly payments than a 30-year mortgage of the same amount and same interest rate.（ ）
举一反三
- An individual borrows $200000 to buy a house with a 30-year mortgage requiring payments to be made at the end of each month. The interest rate is 8 percent, compounded monthly. What is the monthly mortgage payment（） A: $ 1480.46. B: $ 1467.53. C: $ 2142. 39.
- John House has taken a $250,000 mortgage on his house at an interest rate of 6 percent per year. If the mortgage calls for 20 equal annual payments, what is the amount of each payment（） A: $21,796.14 B: $10,500.00 C: $16,882.43 D: $24,327
- Which of the following describes a subprime mortgage? A: The rate of interest is less than the prime rate of interest B: The loan-to-value ratio is below average C: The life of the mortgage is less than 25 years D: The credit risk is high
- The stated rate is the same as the coupon rate.
- Which of the following is true of mortgage interest rates? A: Mortgage rates are closely tied to Treasury bond rates, but mortgage rates tend to stay below Treasury rates because mortgages are secured with collateral. B: Longer-term mortgages have higher interest rates than shorter-term mortgages. C: Interest rates are higher on mortgage loans on which lenders charge points. D: All of the above are true. E: Only A and B of the above are true.