Which of the following statements concerning shared appreciation mortg

Which of the following statements concerning shared appreciation mortgages is false?

A)

Even when the value of the home declines, the lender receives a minimum percentage of your equity in the home.
B)

They typically have a lower contract rate than traditional home mortgages.
C)

They typically allow you to qualify for a more expensive home.
D)

If you have not sold the home when the mortgage matures, you still have to pay the lenders’ share of the home’s appreciation.

ANSWER

A