Graduated payments results in the borrower paying

A. The mortgage at 1/2 the standard rate

B. More at the beginning of the mortgage

C. Less at the beginning of the mortgage

D. Less at the end of the mortgage

Question

Mathematics

Eva Gallegos

9 March, 01:33

Graduated payments results in the borrower paying

A. The mortgage at 1/2 the standard rate

B. More at the beginning of the mortgage

C. Less at the beginning of the mortgage

D. Less at the end of the mortgage

+1

Answers (1)

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Snowflake · Answer 1

C. Less at the beginning of the mortgage

Step-by-step explanation:

The idea of a graduated payment mortgage is to make the mortgage more affordable, assuming the resources available to pay it will increase over time. The initial payments are lower, usually increasing by a few percent per year.

Graduated payments results in the borrower payingA. The mortgage at 1/2 the standard rateB. More at the beginning of the mortgageC. Less at the beginning of the mortgageD. Less at the end of the mortgage

Graduated payments results in the borrower paying

A. The mortgage at 1/2 the standard rate

B. More at the beginning of the mortgage

C. Less at the beginning of the mortgage

D. Less at the end of the mortgage