$800; $900 is a person who can afford a monthly payment of and signed a mortgage with a monthly payment of was most likely the victim of predatory lending. Hence, option A is correct.
What is mortgage?
A mortgage between a person and a lender gives the lender the right to take possession of the home if you are unable to repay the loan amount plus interest. Mortgage loans are used to either buy a property or take out a loan against the value of an existing one.
The standard four components of a mortgage payment are principal, interest, taxes, and insurance. The primary component is the sum that is subtracted from the outstanding loan balance. Interest is a cost of borrowing money. The amount of interest they pay is determined by both the interest rate and loan balance.
Thus, option A is correct.
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