This is a question on many people’s minds. If you are in the market to get a mortgage, you are definitely learning about the details of government-sponsored mortgages. They seem fantastic, in that they really assist the purchaser in getting a mortgage. However, what are the drawbacks of these types of mortgages? And what is one of the disadvantages of getting a government-sponsored mortgage, if there is one at all?

Let’s take a quick quiz to find out if you know the answer.

We will pose the question below along with 4 possible answers, marked, A, B, C, and D.

Take a moment, read the entire question and all 4 of the possible answers and let us know which answer you think is the correct one.

You can leave us a comment below with your answer. (A, B, C, or D).

Here is the quiz…

What is one of the disadvantages of getting a government-sponsored mortgage?

A. Government mortgages involve more up-front fees than conventional mortgages.

B. Government mortgages put a limit on the purchase price of a house.

C. Government mortgages require the payment of higher taxes.

D. Government mortgages allow the government to seize the property for public use.

So there you have it. Leave us a comment and let us know which one of the 4 possible answers above is the correct one.