Train

Mortgage Adviser Test

Repayment Strategies

How does a 'flexible mortgage' differ from a traditional one?

(A) It allows overpayments, underpayments, and sometimes payment holidays.

(B) It relies on stock market performance for repayments.

(C) It charges a fixed interest rate for the entire term.

(D) It doesn't allow for any changes in repayment amounts.

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