The newest trend in home buying is interest-only mortgages. These mortgages require a borrower to pay only the interest on the loan. This means that the principle (which is the amount borrowed) never gets any smaller. Buyers never accumulate any equity in their homes and often have to default. Therefore, these loans are bad for Americans and should be made illegal.
The argument in the above passage depends on which of the following assumptions?
(A) Homeowners can’t afford to pay more than the
...
The argument in the above passage depends on which of the following assumptions?
(A) Homeowners can’t afford to pay more than the
...
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