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Which statements correctly applies to an unseasoned mortgage

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Reference no: EM132668620

Problem 1: Which one of the following statements correctly applies to an unseasoned mortgage?

Multiple Choice

Option 1: The mortgage has at least one term or provision that is uncommon to most mortgages.

Option 2: The mortgage is still held by the original mortgage company.

Option 3: The mortgage is less than 30 months old.

Option 4: The mortgage has an adjustable interest rate that has not been adjusted to date.

Option 5: The mortgage was obtained by a first-time home owner.

Reference no: EM132668620

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