A conventional mortgage usually involves:
A)a variable interest rate.
B)a government guarantee.
C)a balloon payment.
D)equal payments.
E)a payment cap.

Question

Quizplus · Accepted Answer

A conventional mortgage typically involves equal payments, meaning the same amount is paid each month until the loan is fully paid off. The other options listed (variable interest rate, government guarantee, balloon payment, payment cap) may apply to other types of mortgages, but not a conventional one.

A Conventional Mortgage Usually Involves