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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

Respuesta :

sqdancefan

Answer:

  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.

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