The Interest Rate on a Second Mortgage Is ____ on a First

The interest rate on a second mortgage is ____ on a first mortgage created at the same time, because the second mortgage is ____ the existing first mortgage in priority claim against the propertyin the event of default.

A) higher than; behind
B) equal to that; equal to
C) lower than; ahead of
D) higher than; ahead of
E) lower than; behind

Correct Answer:

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