Which of the following is NOT one of the financial components of a mortgage payment?Select one:a. Termb. Face Valuec. Amortizationd. Title

The correct answer is d. Title.

Here's why:

a. Term: This is a component of a mortgage payment. The term is the length of time you have to pay off your mortgage.

b. Face Value: This is also a component of a mortgage payment. The face value is the original amount of money borrowed in a loan.

c. Amortization: This is a component of a mortgage payment as well. Amortization refers to the process of paying off the loan (mortgage) over time through regular payments.

d. Title: This is NOT a component of a mortgage payment. A title is a legal document proving ownership of a property. It's not something you pay off or amortize, so it's not a financial component of a mortgage payment.