Respuesta :
The higher, less-interest option is correct. A mortgage is a type of term loan, it is generally secured by the real estate property. A fixed-rate mortgage is one where the interest rates remain the same for the entire life of the term loan.
A mortgage or clearly loan, in civil regulation jurisdictions acknowledged also as a hypothec loan, is a mortgage used either with the aid of purchasers of actual property to raise price range to shop for real property or by way of present belongings proprietors to raise finances for any motive even as placing a lien on the property being mortgaged. The loan is "secured" on the borrower's belongings through a manner called loan origination. Because of this a legal mechanism is placed into a location that lets the lender take possession and sell the secured assets ("foreclosures" or "repossession") to pay off the mortgage within the occasion the borrower defaults on the mortgage or in any other case fails to abide by means of its phrases.
All else held constant mortgage payments are on a 15-year mortgage than on a 30-year mortgage on a 15 year fixed rate mortgage than on a 30 year fixed rate mortgage, and is paid 235 Multiple Choice o higher more interest lowers O Tiger Les honoring Towerless pipel
Learn more about mortgage here
https://brainly.com/question/1318711
#SPJ1
