If homeowners purchased a $250,000 home with a zero-down, interest-only mortgage, and the value of the home subsequently fell to $200,000, in order to sell the house and move to another city, the homeowners would be required at closing to pay (in addition to the proceeds from the home sale)
A. nothing.
B. $50,000 plus any transaction costs and real estate fees.
C. any transaction costs and real estate fees.
D. $50,000.
Answer: B
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