Which of the following statements about interest-only mortgages is not true?
A) Interest-only mortgages cannot be Qualified Mortgages under The Consumer Financial Protection Bureau's rules.
B) Mortgage payments may increase abruptly.
C) Interest-only mortgages allow the borrower to pay only interest for the life of the mortgage.
D) Interest-only mortgages were popular before the financial crisis.
Answer: C
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