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25 October, 08:26

It would be hard to overstate the importance of the Federal Housing Administration (FHA) in the history of housing finance. Which of the following instruments created by the FHA is considered the single most important financial instrument in modern housing finance

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  1. 25 October, 10:14
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    Fully amortizing payment

    Explanation:

    Fully amortizing payment corresponds to a regular loan payment whereby, when payments are made by the borrower in accordance with the amortization schedule of the loan, the loan will be fully paid off by the end of its term.

    When the loan is a set-rate loan, the same dollar amount for each fully amortizing fee.
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